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Chipping Norton Suburb Insights
VICLocation Information
Suburb Name
Chipping Norton, VIC
Distance from CBD
18.1 kmDemographics
Population
9,001
Median Income
$35,880
Area Information
Area
7.13 km²
Population Density
1262 people/km²
Property Market
Median Price
$727,543
Annual Growth
+19.1%Property Price Trend Analysis
Current Median Price
$727,543
Annual Growth
+19.1%
Quarterly Growth
+2.8%
Price Trends - Last 6 Months
2024-01
$907,826
+10.5%2024-02
$864,136
+8.3%2024-03
$1,040,574
+14.9%2024-04
$720,267
+12.8%2024-05
$910,958
+15%2024-06
$844,841
+8.1%Property Type Price Analysis
House
Median Price
$975,601
Growth Rate
+9.8%Available Listings
275 properties
Apartment
Median Price
$335,290
Growth Rate
+6.6%Available Listings
823 properties
Townhouse
Median Price
$642,157
Growth Rate
+6.9%Available Listings
135 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