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Lilyfield Suburb Insights
VICLocation Information
Suburb Name
Lilyfield, VIC
Distance from CBD
18.3 kmDemographics
Population
7,616
Median Income
$58,916
Area Information
Area
2.16 km²
Population Density
3526 people/km²
Property Market
Median Price
$645,798
Annual Growth
+16.4%Property Price Trend Analysis
Current Median Price
$645,798
Annual Growth
+16.4%
Quarterly Growth
+3.7%
Price Trends - Last 6 Months
2024-01
$932,292
+8.1%2024-02
$965,951
+9%2024-03
$871,085
+12.1%2024-04
$964,778
+10.2%2024-05
$965,675
+11.7%2024-06
$597,363
+13.8%Property Type Price Analysis
House
Median Price
$1,359,649
Growth Rate
+6.2%Available Listings
440 properties
Apartment
Median Price
$386,192
Growth Rate
+6.7%Available Listings
711 properties
Townhouse
Median Price
$452,930
Growth Rate
+8.7%Available Listings
348 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