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Greenfield Park Suburb Insights
VICLocation Information
Suburb Name
Greenfield Park, VIC
Distance from CBD
14.4 kmDemographics
Population
5,092
Median Income
$23,192
Area Information
Area
1.5 km²
Population Density
3395 people/km²
Property Market
Median Price
$656,623
Annual Growth
+16.1%Property Price Trend Analysis
Current Median Price
$656,623
Annual Growth
+16.1%
Quarterly Growth
+4.7%
Price Trends - Last 6 Months
2024-01
$938,078
+7.7%2024-02
$656,877
+10.6%2024-03
$720,011
+5.1%2024-04
$924,219
+12.1%2024-05
$431,866
+19%2024-06
$422,679
+8.9%Property Type Price Analysis
House
Median Price
$1,061,736
Growth Rate
+5.7%Available Listings
137 properties
Apartment
Median Price
$699,162
Growth Rate
+13.4%Available Listings
622 properties
Townhouse
Median Price
$601,617
Growth Rate
+15.9%Available Listings
162 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