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Connells Point Suburb Insights
VICLocation Information
Suburb Name
Connells Point, VIC
Distance from CBD
21.5 kmDemographics
Population
2,829
Median Income
$44,200
Area Information
Area
1.04 km²
Population Density
2720 people/km²
Property Market
Median Price
$632,232
Annual Growth
+14.8%Property Price Trend Analysis
Current Median Price
$632,232
Annual Growth
+14.8%
Quarterly Growth
+3.4%
Price Trends - Last 6 Months
2024-01
$841,457
+6.9%2024-02
$424,100
+4.5%2024-03
$898,112
+7.7%2024-04
$1,029,844
+12.4%2024-05
$1,194,044
+13.3%2024-06
$571,677
+9.9%Property Type Price Analysis
House
Median Price
$1,016,701
Growth Rate
+6.2%Available Listings
202 properties
Apartment
Median Price
$591,391
Growth Rate
+6.5%Available Listings
445 properties
Townhouse
Median Price
$578,731
Growth Rate
+9%Available Listings
228 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