Back to Suburb Insights
Beacon Hill Suburb Insights
VICLocation Information
Suburb Name
Beacon Hill, VIC
Distance from CBD
20.3 kmDemographics
Population
7,457
Median Income
$41,288
Area Information
Area
2.61 km²
Population Density
2857 people/km²
Property Market
Median Price
$840,419
Annual Growth
+18.2%Property Price Trend Analysis
Current Median Price
$840,419
Annual Growth
+18.2%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$1,029,764
+10.3%2024-02
$958,203
+5%2024-03
$683,230
+13.3%2024-04
$876,032
+15.9%2024-05
$468,015
+10.2%2024-06
$461,487
+20.1%Property Type Price Analysis
House
Median Price
$1,262,368
Growth Rate
+9.4%Available Listings
388 properties
Apartment
Median Price
$662,736
Growth Rate
+16.2%Available Listings
748 properties
Townhouse
Median Price
$599,913
Growth Rate
+8.2%Available Listings
120 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