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Macquarie Park Suburb Insights
VICLocation Information
Suburb Name
Macquarie Park, VIC
Distance from CBD
22.8 kmDemographics
Population
8,144
Median Income
$34,216
Area Information
Area
6.76 km²
Population Density
1205 people/km²
Property Market
Median Price
$1,088,138
Annual Growth
+7.3%Property Price Trend Analysis
Current Median Price
$1,088,138
Annual Growth
+7.3%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$699,503
+3.1%2024-02
$943,552
+10.9%2024-03
$966,871
+13.7%2024-04
$787,736
+11.4%2024-05
$580,514
+14.6%2024-06
$582,618
+20.8%Property Type Price Analysis
House
Median Price
$1,660,762
Growth Rate
+7.4%Available Listings
203 properties
Apartment
Median Price
$567,238
Growth Rate
+17.2%Available Listings
907 properties
Townhouse
Median Price
$940,579
Growth Rate
+12.9%Available Listings
308 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