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Homebush Suburb Insights
VICLocation Information
Suburb Name
Homebush, VIC
Distance from CBD
16.1 kmDemographics
Population
7,007
Median Income
$37,908
Area Information
Area
2.5 km²
Population Density
2803 people/km²
Property Market
Median Price
$914,114
Annual Growth
+17.2%Property Price Trend Analysis
Current Median Price
$914,114
Annual Growth
+17.2%
Quarterly Growth
+2.2%
Price Trends - Last 6 Months
2024-01
$405,316
+4.2%2024-02
$865,396
+7.1%2024-03
$802,011
+6.7%2024-04
$1,121,534
+12.5%2024-05
$861,910
+16%2024-06
$676,061
+10.9%Property Type Price Analysis
House
Median Price
$1,465,073
Growth Rate
+7.5%Available Listings
105 properties
Apartment
Median Price
$436,573
Growth Rate
+10%Available Listings
264 properties
Townhouse
Median Price
$665,317
Growth Rate
+14.2%Available Listings
69 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