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Gymea Bay Suburb Insights
VICLocation Information
Suburb Name
Gymea Bay, VIC
Distance from CBD
14.4 kmDemographics
Population
6,892
Median Income
$44,460
Area Information
Area
2.41 km²
Population Density
2860 people/km²
Property Market
Median Price
$839,779
Annual Growth
+13.7%Property Price Trend Analysis
Current Median Price
$839,779
Annual Growth
+13.7%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$837,877
+7.2%2024-02
$604,673
+10.7%2024-03
$789,835
+9.7%2024-04
$1,095,292
+16.9%2024-05
$453,307
+11.6%2024-06
$941,507
+15.6%Property Type Price Analysis
House
Median Price
$810,395
Growth Rate
+14%Available Listings
435 properties
Apartment
Median Price
$505,033
Growth Rate
+16.4%Available Listings
546 properties
Townhouse
Median Price
$415,667
Growth Rate
+11.4%Available Listings
193 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