Back to Suburb Insights
Harris Park Suburb Insights
VICLocation Information
Suburb Name
Harris Park, VIC
Distance from CBD
11.7 kmDemographics
Population
5,799
Median Income
$31,720
Area Information
Area
0.64 km²
Population Density
9061 people/km²
Property Market
Median Price
$423,279
Annual Growth
+11.1%Property Price Trend Analysis
Current Median Price
$423,279
Annual Growth
+11.1%
Quarterly Growth
+3.4%
Price Trends - Last 6 Months
2024-01
$668,803
+7.7%2024-02
$390,496
+12.1%2024-03
$1,107,928
+8%2024-04
$1,028,964
+9.8%2024-05
$754,014
+19%2024-06
$1,111,070
+17.5%Property Type Price Analysis
House
Median Price
$1,527,781
Growth Rate
+6.7%Available Listings
289 properties
Apartment
Median Price
$491,225
Growth Rate
+17.6%Available Listings
279 properties
Townhouse
Median Price
$416,976
Growth Rate
+13.1%Available Listings
281 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