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Clareville Suburb Insights
VICLocation Information
Suburb Name
Clareville, VIC
Distance from CBD
17.4 kmDemographics
Population
742
Median Income
$57,148
Area Information
Area
0.5 km²
Population Density
1484 people/km²
Property Market
Median Price
$1,110,105
Annual Growth
+10%Property Price Trend Analysis
Current Median Price
$1,110,105
Annual Growth
+10%
Quarterly Growth
+1.9%
Price Trends - Last 6 Months
2024-01
$415,275
+5.2%2024-02
$1,007,435
+4.7%2024-03
$656,680
+11.5%2024-04
$666,980
+16%2024-05
$546,341
+12.3%2024-06
$419,368
+10.4%Property Type Price Analysis
House
Median Price
$882,522
Growth Rate
+5.1%Available Listings
448 properties
Apartment
Median Price
$648,200
Growth Rate
+17.8%Available Listings
843 properties
Townhouse
Median Price
$622,153
Growth Rate
+8.8%Available Listings
275 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy