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Minchinbury Suburb Insights
VICLocation Information
Suburb Name
Minchinbury, VIC
Distance from CBD
5.1 kmDemographics
Population
5,619
Median Income
$37,648
Area Information
Area
4.19 km²
Population Density
1341 people/km²
Property Market
Median Price
$1,039,685
Annual Growth
+13.7%Property Price Trend Analysis
Current Median Price
$1,039,685
Annual Growth
+13.7%
Quarterly Growth
+3.6%
Price Trends - Last 6 Months
2024-01
$805,369
+4.1%2024-02
$1,058,549
+12.6%2024-03
$605,327
+12.4%2024-04
$837,514
+9.5%2024-05
$826,082
+12.1%2024-06
$1,134,083
+11.1%Property Type Price Analysis
House
Median Price
$1,196,069
Growth Rate
+13.7%Available Listings
179 properties
Apartment
Median Price
$675,196
Growth Rate
+14.7%Available Listings
399 properties
Townhouse
Median Price
$425,713
Growth Rate
+16%Available Listings
211 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