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Lavender Bay Suburb Insights
VICLocation Information
Suburb Name
Lavender Bay, VIC
Distance from CBD
8.3 kmDemographics
Population
941
Median Income
$72,540
Area Information
Area
0.16 km²
Population Density
5881 people/km²
Property Market
Median Price
$729,661
Annual Growth
+8.9%Property Price Trend Analysis
Current Median Price
$729,661
Annual Growth
+8.9%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$824,549
+10.4%2024-02
$901,232
+5.7%2024-03
$942,250
+13.3%2024-04
$466,463
+9.1%2024-05
$533,119
+17.9%2024-06
$1,165,278
+9.8%Property Type Price Analysis
House
Median Price
$862,511
Growth Rate
+10.9%Available Listings
462 properties
Apartment
Median Price
$556,988
Growth Rate
+13%Available Listings
621 properties
Townhouse
Median Price
$758,312
Growth Rate
+15.4%Available Listings
317 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy