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Constitution Hill Suburb Insights
VICLocation Information
Suburb Name
Constitution Hill, VIC
Distance from CBD
7.1 kmDemographics
Population
3,966
Median Income
$31,096
Area Information
Area
1.19 km²
Population Density
3333 people/km²
Property Market
Median Price
$916,283
Annual Growth
+9.4%Property Price Trend Analysis
Current Median Price
$916,283
Annual Growth
+9.4%
Quarterly Growth
+1.9%
Price Trends - Last 6 Months
2024-01
$630,194
+3.8%2024-02
$705,678
+9.7%2024-03
$445,028
+12.5%2024-04
$1,008,083
+6.9%2024-05
$919,634
+13.8%2024-06
$1,136,889
+15.3%Property Type Price Analysis
House
Median Price
$1,275,684
Growth Rate
+11.8%Available Listings
251 properties
Apartment
Median Price
$686,525
Growth Rate
+13.9%Available Listings
807 properties
Townhouse
Median Price
$920,365
Growth Rate
+10.1%Available Listings
287 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