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Bangor Suburb Insights
VICLocation Information
Suburb Name
Bangor, VIC
Distance from CBD
19.4 kmDemographics
Population
5,568
Median Income
$44,096
Area Information
Area
3.92 km²
Population Density
1420 people/km²
Property Market
Median Price
$851,209
Annual Growth
+10.4%Property Price Trend Analysis
Current Median Price
$851,209
Annual Growth
+10.4%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$805,815
+9%2024-02
$380,207
+11.5%2024-03
$1,092,851
+14.1%2024-04
$1,022,555
+14.3%2024-05
$409,127
+7.8%2024-06
$608,673
+9.6%Property Type Price Analysis
House
Median Price
$1,444,865
Growth Rate
+7.4%Available Listings
440 properties
Apartment
Median Price
$492,365
Growth Rate
+12.1%Available Listings
581 properties
Townhouse
Median Price
$430,790
Growth Rate
+7.5%Available Listings
141 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