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Erskine Park Suburb Insights
VICLocation Information
Suburb Name
Erskine Park, VIC
Distance from CBD
14 kmDemographics
Population
6,436
Median Income
$40,612
Area Information
Area
8.39 km²
Population Density
767 people/km²
Property Market
Median Price
$996,094
Annual Growth
+13%Property Price Trend Analysis
Current Median Price
$996,094
Annual Growth
+13%
Quarterly Growth
+1.2%
Price Trends - Last 6 Months
2024-01
$610,131
+8.7%2024-02
$854,216
+12.1%2024-03
$446,460
+10.3%2024-04
$1,121,060
+11.7%2024-05
$1,067,229
+16.9%2024-06
$971,708
+10.9%Property Type Price Analysis
House
Median Price
$1,378,645
Growth Rate
+12.9%Available Listings
419 properties
Apartment
Median Price
$694,763
Growth Rate
+15.9%Available Listings
811 properties
Townhouse
Median Price
$673,221
Growth Rate
+12.5%Available Listings
128 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