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Cromer Suburb Insights
VICLocation Information
Suburb Name
Cromer, VIC
Distance from CBD
17.5 kmDemographics
Population
7,592
Median Income
$40,144
Area Information
Area
6.21 km²
Population Density
1223 people/km²
Property Market
Median Price
$991,919
Annual Growth
+20%Property Price Trend Analysis
Current Median Price
$991,919
Annual Growth
+20%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$495,084
+4.2%2024-02
$484,460
+6.6%2024-03
$405,248
+13.8%2024-04
$654,620
+10.3%2024-05
$837,514
+9%2024-06
$478,364
+10.8%Property Type Price Analysis
House
Median Price
$1,234,221
Growth Rate
+8.4%Available Listings
239 properties
Apartment
Median Price
$569,136
Growth Rate
+14.9%Available Listings
687 properties
Townhouse
Median Price
$508,802
Growth Rate
+10.2%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