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Bayview Suburb Insights
VICLocation Information
Suburb Name
Bayview, VIC
Distance from CBD
18.1 kmDemographics
Population
3,620
Median Income
$40,300
Area Information
Area
3.74 km²
Population Density
968 people/km²
Property Market
Median Price
$1,146,471
Annual Growth
+19.3%Property Price Trend Analysis
Current Median Price
$1,146,471
Annual Growth
+19.3%
Quarterly Growth
+2.4%
Price Trends - Last 6 Months
2024-01
$837,945
+8%2024-02
$756,653
+4.1%2024-03
$1,044,967
+10.1%2024-04
$1,025,739
+12.4%2024-05
$847,051
+9.8%2024-06
$626,910
+11.6%Property Type Price Analysis
House
Median Price
$1,236,076
Growth Rate
+11.3%Available Listings
131 properties
Apartment
Median Price
$649,828
Growth Rate
+10.4%Available Listings
818 properties
Townhouse
Median Price
$740,327
Growth Rate
+12.4%Available Listings
346 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