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Mays Hill Suburb Insights
VICLocation Information
Suburb Name
Mays Hill, VIC
Distance from CBD
15.3 kmDemographics
Population
767
Median Income
$30,004
Area Information
Area
0.3 km²
Population Density
2557 people/km²
Property Market
Median Price
$1,186,091
Annual Growth
+8.7%Property Price Trend Analysis
Current Median Price
$1,186,091
Annual Growth
+8.7%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$472,883
+4.6%2024-02
$758,604
+10.9%2024-03
$1,049,443
+13.3%2024-04
$951,242
+15.2%2024-05
$635,883
+15.9%2024-06
$957,397
+14.2%Property Type Price Analysis
House
Median Price
$1,291,482
Growth Rate
+12.4%Available Listings
367 properties
Apartment
Median Price
$528,876
Growth Rate
+17.3%Available Listings
494 properties
Townhouse
Median Price
$867,565
Growth Rate
+8.5%Available Listings
256 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy