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Hammondville Suburb Insights
VICLocation Information
Suburb Name
Hammondville, VIC
Distance from CBD
10.7 kmDemographics
Population
3,493
Median Income
$32,292
Area Information
Area
1.82 km²
Population Density
1919 people/km²
Property Market
Median Price
$639,297
Annual Growth
+12.4%Property Price Trend Analysis
Current Median Price
$639,297
Annual Growth
+12.4%
Quarterly Growth
+1.2%
Price Trends - Last 6 Months
2024-01
$957,080
+6%2024-02
$447,091
+10.3%2024-03
$786,469
+12.5%2024-04
$594,905
+16.6%2024-05
$437,640
+8.1%2024-06
$783,403
+8.7%Property Type Price Analysis
House
Median Price
$1,259,639
Growth Rate
+6.3%Available Listings
368 properties
Apartment
Median Price
$532,955
Growth Rate
+6.2%Available Listings
520 properties
Townhouse
Median Price
$957,635
Growth Rate
+10.7%Available Listings
136 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