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Condell Park Suburb Insights
VICLocation Information
Suburb Name
Condell Park, VIC
Distance from CBD
23.7 kmDemographics
Population
11,574
Median Income
$25,428
Area Information
Area
3.9 km²
Population Density
2968 people/km²
Property Market
Median Price
$1,158,484
Annual Growth
+19.6%Property Price Trend Analysis
Current Median Price
$1,158,484
Annual Growth
+19.6%
Quarterly Growth
+1.8%
Price Trends - Last 6 Months
2024-01
$555,289
+10.7%2024-02
$734,315
+9.6%2024-03
$570,200
+14.7%2024-04
$520,416
+14.6%2024-05
$409,384
+9%2024-06
$850,105
+19.6%Property Type Price Analysis
House
Median Price
$849,937
Growth Rate
+10%Available Listings
462 properties
Apartment
Median Price
$627,134
Growth Rate
+7.7%Available Listings
971 properties
Townhouse
Median Price
$502,537
Growth Rate
+10.8%Available Listings
113 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