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Menai Suburb Insights
VICLocation Information
Suburb Name
Menai, VIC
Distance from CBD
16.7 kmDemographics
Population
10,304
Median Income
$43,836
Area Information
Area
12.94 km²
Population Density
796 people/km²
Property Market
Median Price
$1,101,432
Annual Growth
+17.1%Property Price Trend Analysis
Current Median Price
$1,101,432
Annual Growth
+17.1%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$517,095
+10.6%2024-02
$885,712
+4.9%2024-03
$1,023,122
+7%2024-04
$902,263
+15.6%2024-05
$1,185,637
+8.4%2024-06
$1,142,706
+18.6%Property Type Price Analysis
House
Median Price
$1,740,274
Growth Rate
+5.5%Available Listings
435 properties
Apartment
Median Price
$699,770
Growth Rate
+8.6%Available Listings
892 properties
Townhouse
Median Price
$650,702
Growth Rate
+16.9%Available Listings
161 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