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Lugarno Suburb Insights
VICLocation Information
Suburb Name
Lugarno, VIC
Distance from CBD
10.9 kmDemographics
Population
5,606
Median Income
$40,768
Area Information
Area
2.68 km²
Population Density
2092 people/km²
Property Market
Median Price
$1,019,364
Annual Growth
+18.9%Property Price Trend Analysis
Current Median Price
$1,019,364
Annual Growth
+18.9%
Quarterly Growth
+2.2%
Price Trends - Last 6 Months
2024-01
$581,404
+7.5%2024-02
$667,370
+5.9%2024-03
$1,065,764
+6%2024-04
$1,022,633
+11.6%2024-05
$1,186,220
+15.2%2024-06
$1,060,400
+19.1%Property Type Price Analysis
House
Median Price
$1,312,182
Growth Rate
+5.2%Available Listings
347 properties
Apartment
Median Price
$540,397
Growth Rate
+13.7%Available Listings
770 properties
Townhouse
Median Price
$609,687
Growth Rate
+10.6%Available Listings
300 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