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Forestville Suburb Insights
VICLocation Information
Suburb Name
Forestville, VIC
Distance from CBD
13.4 kmDemographics
Population
8,329
Median Income
$39,884
Area Information
Area
4.69 km²
Population Density
1776 people/km²
Property Market
Median Price
$564,538
Annual Growth
+14.3%Property Price Trend Analysis
Current Median Price
$564,538
Annual Growth
+14.3%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$421,261
+10.8%2024-02
$908,334
+11.8%2024-03
$1,082,193
+6.4%2024-04
$630,619
+15.5%2024-05
$610,566
+16.6%2024-06
$895,549
+17.5%Property Type Price Analysis
House
Median Price
$1,465,469
Growth Rate
+7.4%Available Listings
295 properties
Apartment
Median Price
$365,676
Growth Rate
+10.7%Available Listings
942 properties
Townhouse
Median Price
$716,930
Growth Rate
+11.2%Available Listings
290 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