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Kareela Suburb Insights
VICLocation Information
Suburb Name
Kareela, VIC
Distance from CBD
10.7 kmDemographics
Population
3,459
Median Income
$41,132
Area Information
Area
1.6 km²
Population Density
2162 people/km²
Property Market
Median Price
$1,047,470
Annual Growth
+13.1%Property Price Trend Analysis
Current Median Price
$1,047,470
Annual Growth
+13.1%
Quarterly Growth
+3.6%
Price Trends - Last 6 Months
2024-01
$848,315
+4.8%2024-02
$799,784
+12.9%2024-03
$489,624
+9.8%2024-04
$413,267
+16.3%2024-05
$1,066,136
+14.1%2024-06
$976,042
+16.4%Property Type Price Analysis
House
Median Price
$1,092,568
Growth Rate
+13.1%Available Listings
185 properties
Apartment
Median Price
$376,632
Growth Rate
+8.1%Available Listings
277 properties
Townhouse
Median Price
$573,964
Growth Rate
+14.7%Available Listings
252 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