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Kings Park Suburb Insights
VICLocation Information
Suburb Name
Kings Park, VIC
Distance from CBD
7.7 kmDemographics
Population
3,453
Median Income
$43,420
Area Information
Area
2.61 km²
Population Density
1323 people/km²
Property Market
Median Price
$1,016,191
Annual Growth
+12%Property Price Trend Analysis
Current Median Price
$1,016,191
Annual Growth
+12%
Quarterly Growth
+4.8%
Price Trends - Last 6 Months
2024-01
$958,858
+6.2%2024-02
$958,695
+10.1%2024-03
$918,597
+14%2024-04
$764,046
+13%2024-05
$708,871
+14.5%2024-06
$1,025,163
+16.6%Property Type Price Analysis
House
Median Price
$1,126,562
Growth Rate
+12.8%Available Listings
104 properties
Apartment
Median Price
$408,567
Growth Rate
+13.1%Available Listings
995 properties
Townhouse
Median Price
$716,645
Growth Rate
+12.7%Available Listings
268 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