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Ermington Suburb Insights
VICLocation Information
Suburb Name
Ermington, VIC
Distance from CBD
20.6 kmDemographics
Population
10,737
Median Income
$33,644
Area Information
Area
4.14 km²
Population Density
2593 people/km²
Property Market
Median Price
$1,051,819
Annual Growth
+7.1%Property Price Trend Analysis
Current Median Price
$1,051,819
Annual Growth
+7.1%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$675,120
+4%2024-02
$627,941
+11.5%2024-03
$1,028,526
+5.8%2024-04
$626,950
+14.1%2024-05
$445,113
+12.9%2024-06
$1,014,917
+14.2%Property Type Price Analysis
House
Median Price
$1,502,564
Growth Rate
+14.7%Available Listings
450 properties
Apartment
Median Price
$343,544
Growth Rate
+11.2%Available Listings
620 properties
Townhouse
Median Price
$676,056
Growth Rate
+13.4%Available Listings
274 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