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Macquarie Fields Suburb Insights
VICLocation Information
Suburb Name
Macquarie Fields, VIC
Distance from CBD
14.5 kmDemographics
Population
13,714
Median Income
$26,936
Area Information
Area
7.01 km²
Population Density
1956 people/km²
Property Market
Median Price
$495,907
Annual Growth
+7.4%Property Price Trend Analysis
Current Median Price
$495,907
Annual Growth
+7.4%
Quarterly Growth
+4.2%
Price Trends - Last 6 Months
2024-01
$628,402
+9.3%2024-02
$478,806
+7.1%2024-03
$395,452
+5.4%2024-04
$399,928
+9.6%2024-05
$883,028
+16%2024-06
$1,116,289
+20.3%Property Type Price Analysis
House
Median Price
$1,179,172
Growth Rate
+11.4%Available Listings
439 properties
Apartment
Median Price
$332,956
Growth Rate
+7.4%Available Listings
526 properties
Townhouse
Median Price
$678,718
Growth Rate
+16.5%Available Listings
108 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy