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Grasmere Suburb Insights
VICLocation Information
Suburb Name
Grasmere, VIC
Distance from CBD
7.9 kmDemographics
Population
1,963
Median Income
$36,244
Area Information
Area
5.44 km²
Population Density
361 people/km²
Property Market
Median Price
$834,747
Annual Growth
+8.2%Property Price Trend Analysis
Current Median Price
$834,747
Annual Growth
+8.2%
Quarterly Growth
+1.8%
Price Trends - Last 6 Months
2024-01
$621,429
+7.5%2024-02
$468,911
+10.8%2024-03
$821,538
+14.6%2024-04
$839,314
+7.8%2024-05
$726,288
+8.2%2024-06
$755,367
+17.3%Property Type Price Analysis
House
Median Price
$1,348,039
Growth Rate
+8.4%Available Listings
161 properties
Apartment
Median Price
$306,476
Growth Rate
+14%Available Listings
893 properties
Townhouse
Median Price
$731,274
Growth Rate
+7.9%Available Listings
242 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