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Illawong Suburb Insights
VICLocation Information
Suburb Name
Illawong, VIC
Distance from CBD
21.7 kmDemographics
Population
7,271
Median Income
$44,096
Area Information
Area
4.76 km²
Population Density
1528 people/km²
Property Market
Median Price
$1,108,539
Annual Growth
+7.4%Property Price Trend Analysis
Current Median Price
$1,108,539
Annual Growth
+7.4%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$350,001
+6.4%2024-02
$596,536
+4.4%2024-03
$965,213
+9.2%2024-04
$713,300
+15.7%2024-05
$447,615
+12.7%2024-06
$910,506
+10.6%Property Type Price Analysis
House
Median Price
$1,710,716
Growth Rate
+10.3%Available Listings
425 properties
Apartment
Median Price
$397,411
Growth Rate
+14.2%Available Listings
528 properties
Townhouse
Median Price
$653,163
Growth Rate
+10.4%Available Listings
114 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy