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Millers Point Suburb Insights
VICLocation Information
Suburb Name
Millers Point, VIC
Distance from CBD
6 kmDemographics
Population
1,482
Median Income
$79,300
Area Information
Area
0.25 km²
Population Density
5928 people/km²
Property Market
Median Price
$641,584
Annual Growth
+10.2%Property Price Trend Analysis
Current Median Price
$641,584
Annual Growth
+10.2%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$1,041,351
+5.1%2024-02
$1,070,757
+11.2%2024-03
$621,277
+14.9%2024-04
$750,685
+6.6%2024-05
$1,173,891
+18.8%2024-06
$758,606
+15%Property Type Price Analysis
House
Median Price
$1,261,673
Growth Rate
+11.5%Available Listings
459 properties
Apartment
Median Price
$527,588
Growth Rate
+11.1%Available Listings
810 properties
Townhouse
Median Price
$435,775
Growth Rate
+10.1%Available Listings
335 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