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Balgowlah Suburb Insights
VICLocation Information
Suburb Name
Balgowlah, VIC
Distance from CBD
5.6 kmDemographics
Population
7,961
Median Income
$56,576
Area Information
Area
1.96 km²
Population Density
4062 people/km²
Property Market
Median Price
$852,559
Annual Growth
+20%Property Price Trend Analysis
Current Median Price
$852,559
Annual Growth
+20%
Quarterly Growth
+2.3%
Price Trends - Last 6 Months
2024-01
$527,579
+7%2024-02
$941,168
+5.6%2024-03
$1,028,466
+10.3%2024-04
$702,951
+10.4%2024-05
$930,576
+13.5%2024-06
$900,742
+10.7%Property Type Price Analysis
House
Median Price
$1,419,781
Growth Rate
+9.1%Available Listings
286 properties
Apartment
Median Price
$619,653
Growth Rate
+14.8%Available Listings
871 properties
Townhouse
Median Price
$990,076
Growth Rate
+6.7%Available Listings
338 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