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Ellis Lane Suburb Insights
VICLocation Information
Suburb Name
Ellis Lane, VIC
Distance from CBD
21.1 kmDemographics
Population
857
Median Income
$43,784
Area Information
Area
3.58 km²
Population Density
239 people/km²
Property Market
Median Price
$1,008,096
Annual Growth
+14%Property Price Trend Analysis
Current Median Price
$1,008,096
Annual Growth
+14%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$1,006,072
+9.9%2024-02
$700,379
+9.7%2024-03
$532,821
+13.1%2024-04
$852,693
+14%2024-05
$651,357
+17.6%2024-06
$603,432
+12.9%Property Type Price Analysis
House
Median Price
$970,432
Growth Rate
+13.2%Available Listings
269 properties
Apartment
Median Price
$382,898
Growth Rate
+15.4%Available Listings
505 properties
Townhouse
Median Price
$538,635
Growth Rate
+14%Available Listings
79 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