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Lurnea Suburb Insights
VICLocation Information
Suburb Name
Lurnea, VIC
Distance from CBD
6 kmDemographics
Population
9,311
Median Income
$22,724
Area Information
Area
2.5 km²
Population Density
3724 people/km²
Property Market
Median Price
$1,071,195
Annual Growth
+13%Property Price Trend Analysis
Current Median Price
$1,071,195
Annual Growth
+13%
Quarterly Growth
+2.5%
Price Trends - Last 6 Months
2024-01
$1,002,343
+3.3%2024-02
$898,147
+11.4%2024-03
$507,158
+13.3%2024-04
$655,327
+16.9%2024-05
$958,890
+13.8%2024-06
$598,400
+8.9%Property Type Price Analysis
House
Median Price
$1,675,903
Growth Rate
+11.7%Available Listings
191 properties
Apartment
Median Price
$444,287
Growth Rate
+17.4%Available Listings
590 properties
Townhouse
Median Price
$910,658
Growth Rate
+12.9%Available Listings
338 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