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Lake Munmorah Suburb Insights
VICLocation Information
Suburb Name
Lake Munmorah, VIC
Distance from CBD
9.2 kmDemographics
Population
5,248
Median Income
$27,092
Area Information
Area
5.71 km²
Population Density
919 people/km²
Property Market
Median Price
$462,899
Annual Growth
+18.8%Property Price Trend Analysis
Current Median Price
$462,899
Annual Growth
+18.8%
Quarterly Growth
+4.1%
Price Trends - Last 6 Months
2024-01
$913,927
+7.2%2024-02
$925,217
+6.4%2024-03
$1,020,338
+12.2%2024-04
$771,302
+16.3%2024-05
$764,718
+13.7%2024-06
$495,293
+8.3%Property Type Price Analysis
House
Median Price
$1,634,731
Growth Rate
+11.4%Available Listings
374 properties
Apartment
Median Price
$348,159
Growth Rate
+7.1%Available Listings
413 properties
Townhouse
Median Price
$536,166
Growth Rate
+10.9%Available Listings
264 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