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Kanwal Suburb Insights
VICLocation Information
Suburb Name
Kanwal, VIC
Distance from CBD
21.4 kmDemographics
Population
4,099
Median Income
$25,116
Area Information
Area
2.43 km²
Population Density
1687 people/km²
Property Market
Median Price
$1,193,784
Annual Growth
+18.4%Property Price Trend Analysis
Current Median Price
$1,193,784
Annual Growth
+18.4%
Quarterly Growth
+3.4%
Price Trends - Last 6 Months
2024-01
$837,938
+7.2%2024-02
$555,321
+7%2024-03
$884,625
+5.8%2024-04
$406,944
+15%2024-05
$652,663
+16.7%2024-06
$1,021,681
+14.4%Property Type Price Analysis
House
Median Price
$1,162,563
Growth Rate
+12.4%Available Listings
197 properties
Apartment
Median Price
$374,689
Growth Rate
+12.7%Available Listings
257 properties
Townhouse
Median Price
$654,357
Growth Rate
+13.3%Available Listings
155 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