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Castle Cove Suburb Insights
VICLocation Information
Suburb Name
Castle Cove, VIC
Distance from CBD
19.2 kmDemographics
Population
2,554
Median Income
$50,856
Area Information
Area
2.34 km²
Population Density
1091 people/km²
Property Market
Median Price
$611,813
Annual Growth
+14.7%Property Price Trend Analysis
Current Median Price
$611,813
Annual Growth
+14.7%
Quarterly Growth
+3.3%
Price Trends - Last 6 Months
2024-01
$896,537
+8.8%2024-02
$619,654
+12.3%2024-03
$512,421
+5.2%2024-04
$574,460
+13%2024-05
$848,648
+9.2%2024-06
$1,044,395
+18.5%Property Type Price Analysis
House
Median Price
$1,567,971
Growth Rate
+5.3%Available Listings
101 properties
Apartment
Median Price
$318,504
Growth Rate
+14.7%Available Listings
720 properties
Townhouse
Median Price
$943,719
Growth Rate
+10.3%Available Listings
194 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