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Mount Riverview Suburb Insights
VICLocation Information
Suburb Name
Mount Riverview, VIC
Distance from CBD
17.7 kmDemographics
Population
3,034
Median Income
$41,704
Area Information
Area
3.01 km²
Population Density
1008 people/km²
Property Market
Median Price
$1,014,525
Annual Growth
+11.9%Property Price Trend Analysis
Current Median Price
$1,014,525
Annual Growth
+11.9%
Quarterly Growth
+2.5%
Price Trends - Last 6 Months
2024-01
$941,004
+10.3%2024-02
$489,498
+9.4%2024-03
$788,409
+13.3%2024-04
$1,103,111
+7.1%2024-05
$672,848
+13.4%2024-06
$753,690
+14.8%Property Type Price Analysis
House
Median Price
$1,201,898
Growth Rate
+6.4%Available Listings
399 properties
Apartment
Median Price
$630,549
Growth Rate
+17.7%Available Listings
497 properties
Townhouse
Median Price
$777,503
Growth Rate
+6.9%Available Listings
333 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