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Belfield Suburb Insights
VICLocation Information
Suburb Name
Belfield, VIC
Distance from CBD
18.8 kmDemographics
Population
6,322
Median Income
$28,496
Area Information
Area
1.78 km²
Population Density
3552 people/km²
Property Market
Median Price
$900,178
Annual Growth
+9.5%Property Price Trend Analysis
Current Median Price
$900,178
Annual Growth
+9.5%
Quarterly Growth
+4.3%
Price Trends - Last 6 Months
2024-01
$536,250
+5.3%2024-02
$723,085
+5.5%2024-03
$655,764
+14.1%2024-04
$1,103,683
+13.5%2024-05
$509,557
+15.4%2024-06
$464,338
+12.5%Property Type Price Analysis
House
Median Price
$1,003,421
Growth Rate
+9.7%Available Listings
260 properties
Apartment
Median Price
$354,926
Growth Rate
+6.1%Available Listings
603 properties
Townhouse
Median Price
$639,847
Growth Rate
+11.7%Available Listings
61 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