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Chain Valley Bay Suburb Insights
VICLocation Information
Suburb Name
Chain Valley Bay, VIC
Distance from CBD
16.8 kmDemographics
Population
2,459
Median Income
$24,596
Area Information
Area
5.6 km²
Population Density
439 people/km²
Property Market
Median Price
$659,202
Annual Growth
+14.5%Property Price Trend Analysis
Current Median Price
$659,202
Annual Growth
+14.5%
Quarterly Growth
+4.4%
Price Trends - Last 6 Months
2024-01
$621,640
+9.3%2024-02
$468,720
+10.2%2024-03
$1,113,332
+5.6%2024-04
$500,419
+16.6%2024-05
$1,126,252
+8.6%2024-06
$875,964
+8.6%Property Type Price Analysis
House
Median Price
$1,291,201
Growth Rate
+6.2%Available Listings
207 properties
Apartment
Median Price
$658,848
Growth Rate
+17.2%Available Listings
639 properties
Townhouse
Median Price
$569,010
Growth Rate
+17%Available Listings
131 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