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Concord West Suburb Insights
VICLocation Information
Suburb Name
Concord West, VIC
Distance from CBD
22 kmDemographics
Population
5,914
Median Income
$39,104
Area Information
Area
2.54 km²
Population Density
2328 people/km²
Property Market
Median Price
$705,510
Annual Growth
+9.5%Property Price Trend Analysis
Current Median Price
$705,510
Annual Growth
+9.5%
Quarterly Growth
+3.3%
Price Trends - Last 6 Months
2024-01
$1,003,102
+4%2024-02
$505,399
+5.9%2024-03
$661,095
+10%2024-04
$1,021,332
+11.5%2024-05
$433,367
+14.4%2024-06
$796,768
+13.3%Property Type Price Analysis
House
Median Price
$912,773
Growth Rate
+9.6%Available Listings
380 properties
Apartment
Median Price
$465,510
Growth Rate
+11.8%Available Listings
851 properties
Townhouse
Median Price
$747,725
Growth Rate
+15.7%Available Listings
227 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