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Empire Bay Suburb Insights
VICLocation Information
Suburb Name
Empire Bay, VIC
Distance from CBD
5.1 kmDemographics
Population
2,400
Median Income
$32,604
Area Information
Area
3.97 km²
Population Density
605 people/km²
Property Market
Median Price
$665,048
Annual Growth
+5.4%Property Price Trend Analysis
Current Median Price
$665,048
Annual Growth
+5.4%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$634,381
+3.6%2024-02
$582,178
+11.2%2024-03
$424,889
+8.1%2024-04
$1,154,041
+8.6%2024-05
$940,871
+18.7%2024-06
$802,257
+14%Property Type Price Analysis
House
Median Price
$1,288,405
Growth Rate
+6.8%Available Listings
277 properties
Apartment
Median Price
$400,830
Growth Rate
+15.1%Available Listings
314 properties
Townhouse
Median Price
$911,916
Growth Rate
+11.3%Available Listings
171 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy