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Chittaway Bay Suburb Insights
VICLocation Information
Suburb Name
Chittaway Bay, VIC
Distance from CBD
24.2 kmDemographics
Population
2,028
Median Income
$31,668
Area Information
Area
1.12 km²
Population Density
1811 people/km²
Property Market
Median Price
$506,711
Annual Growth
+17.8%Property Price Trend Analysis
Current Median Price
$506,711
Annual Growth
+17.8%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$582,851
+5%2024-02
$382,393
+5.8%2024-03
$868,112
+11.8%2024-04
$628,892
+11.8%2024-05
$1,097,751
+11.5%2024-06
$690,530
+14.8%Property Type Price Analysis
House
Median Price
$1,551,364
Growth Rate
+5.8%Available Listings
266 properties
Apartment
Median Price
$678,061
Growth Rate
+10.9%Available Listings
240 properties
Townhouse
Median Price
$545,204
Growth Rate
+10%Available Listings
90 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