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Greenacre Suburb Insights
VICLocation Information
Suburb Name
Greenacre, VIC
Distance from CBD
18.4 kmDemographics
Population
24,373
Median Income
$22,672
Area Information
Area
7.41 km²
Population Density
3289 people/km²
Property Market
Median Price
$878,418
Annual Growth
+8.2%Property Price Trend Analysis
Current Median Price
$878,418
Annual Growth
+8.2%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$670,796
+8.4%2024-02
$682,536
+12.8%2024-03
$867,938
+8.1%2024-04
$1,034,017
+6.7%2024-05
$716,253
+18.4%2024-06
$588,252
+18.4%Property Type Price Analysis
House
Median Price
$1,495,076
Growth Rate
+6.6%Available Listings
161 properties
Apartment
Median Price
$463,775
Growth Rate
+14.9%Available Listings
434 properties
Townhouse
Median Price
$534,546
Growth Rate
+7.1%Available Listings
211 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