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Balgowlah Heights Suburb Insights
VICLocation Information
Suburb Name
Balgowlah Heights, VIC
Distance from CBD
5.5 kmDemographics
Population
3,342
Median Income
$59,228
Area Information
Area
1.68 km²
Population Density
1989 people/km²
Property Market
Median Price
$785,109
Annual Growth
+10.1%Property Price Trend Analysis
Current Median Price
$785,109
Annual Growth
+10.1%
Quarterly Growth
+1.2%
Price Trends - Last 6 Months
2024-01
$677,422
+10%2024-02
$888,687
+12.4%2024-03
$720,221
+13.3%2024-04
$868,507
+13.2%2024-05
$1,130,053
+14.2%2024-06
$1,004,879
+12%Property Type Price Analysis
House
Median Price
$1,715,442
Growth Rate
+10.2%Available Listings
499 properties
Apartment
Median Price
$655,812
Growth Rate
+8.6%Available Listings
963 properties
Townhouse
Median Price
$990,572
Growth Rate
+14.9%Available Listings
231 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