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Middle Cove Suburb Insights
VICLocation Information
Suburb Name
Middle Cove, VIC
Distance from CBD
19.1 kmDemographics
Population
1,340
Median Income
$53,404
Area Information
Area
1.04 km²
Population Density
1288 people/km²
Property Market
Median Price
$939,434
Annual Growth
+13.9%Property Price Trend Analysis
Current Median Price
$939,434
Annual Growth
+13.9%
Quarterly Growth
+1.6%
Price Trends - Last 6 Months
2024-01
$516,291
+10%2024-02
$544,554
+8.2%2024-03
$982,538
+13.4%2024-04
$1,050,793
+16.2%2024-05
$805,597
+10.2%2024-06
$989,155
+18.5%Property Type Price Analysis
House
Median Price
$1,400,461
Growth Rate
+13.6%Available Listings
375 properties
Apartment
Median Price
$303,281
Growth Rate
+14.7%Available Listings
237 properties
Townhouse
Median Price
$522,327
Growth Rate
+14.6%Available Listings
261 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