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Centennial Park Suburb Insights
VICLocation Information
Suburb Name
Centennial Park, VIC
Distance from CBD
19.9 kmDemographics
Population
2,376
Median Income
$65,936
Area Information
Area
2.23 km²
Population Density
1065 people/km²
Property Market
Median Price
$901,000
Annual Growth
+5.4%Property Price Trend Analysis
Current Median Price
$901,000
Annual Growth
+5.4%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$1,012,269
+5.9%2024-02
$1,010,188
+10.8%2024-03
$641,834
+8.7%2024-04
$1,128,856
+11.6%2024-05
$613,461
+7.8%2024-06
$843,256
+13.5%Property Type Price Analysis
House
Median Price
$1,145,847
Growth Rate
+9.5%Available Listings
454 properties
Apartment
Median Price
$488,010
Growth Rate
+14%Available Listings
503 properties
Townhouse
Median Price
$601,658
Growth Rate
+15.6%Available Listings
198 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy