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Magenta Suburb Insights
VICLocation Information
Suburb Name
Magenta, VIC
Distance from CBD
18.9 kmDemographics
Population
205
Median Income
$46,072
Area Information
Area
6.46 km²
Population Density
32 people/km²
Property Market
Median Price
$1,047,521
Annual Growth
+15.2%Property Price Trend Analysis
Current Median Price
$1,047,521
Annual Growth
+15.2%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$623,805
+8.7%2024-02
$643,579
+6.6%2024-03
$1,058,933
+14.3%2024-04
$1,009,624
+11%2024-05
$819,906
+13.9%2024-06
$715,669
+20.4%Property Type Price Analysis
House
Median Price
$1,044,732
Growth Rate
+9.5%Available Listings
435 properties
Apartment
Median Price
$611,740
Growth Rate
+11.4%Available Listings
820 properties
Townhouse
Median Price
$563,090
Growth Rate
+12%Available Listings
171 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