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Homebush West Suburb Insights
VICLocation Information
Suburb Name
Homebush West, VIC
Distance from CBD
20.3 kmDemographics
Population
8,609
Median Income
$35,412
Area Information
Area
1.24 km²
Population Density
6943 people/km²
Property Market
Median Price
$1,183,399
Annual Growth
+16.7%Property Price Trend Analysis
Current Median Price
$1,183,399
Annual Growth
+16.7%
Quarterly Growth
+1.4%
Price Trends - Last 6 Months
2024-01
$753,648
+6.9%2024-02
$930,390
+7.5%2024-03
$472,935
+5.1%2024-04
$1,056,734
+11.3%2024-05
$947,784
+10.3%2024-06
$438,976
+9.5%Property Type Price Analysis
House
Median Price
$1,136,952
Growth Rate
+7.9%Available Listings
432 properties
Apartment
Median Price
$620,000
Growth Rate
+6.7%Available Listings
450 properties
Townhouse
Median Price
$577,940
Growth Rate
+9.9%Available Listings
52 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