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Carnes Hill Suburb Insights
VICLocation Information
Suburb Name
Carnes Hill, VIC
Distance from CBD
20.5 kmDemographics
Population
2,043
Median Income
$44,096
Area Information
Area
1.32 km²
Population Density
1548 people/km²
Property Market
Median Price
$504,175
Annual Growth
+18.5%Property Price Trend Analysis
Current Median Price
$504,175
Annual Growth
+18.5%
Quarterly Growth
+3.3%
Price Trends - Last 6 Months
2024-01
$397,688
+6.1%2024-02
$713,745
+9.8%2024-03
$470,749
+6.7%2024-04
$1,152,140
+10.1%2024-05
$433,963
+11.1%2024-06
$1,173,149
+13.9%Property Type Price Analysis
House
Median Price
$1,335,335
Growth Rate
+11.1%Available Listings
269 properties
Apartment
Median Price
$610,529
Growth Rate
+11.3%Available Listings
466 properties
Townhouse
Median Price
$588,173
Growth Rate
+12.5%Available Listings
169 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy