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Mount Vernon Suburb Insights
VICLocation Information
Suburb Name
Mount Vernon, VIC
Distance from CBD
5.4 kmDemographics
Population
1,192
Median Income
$41,080
Area Information
Area
6.54 km²
Population Density
182 people/km²
Property Market
Median Price
$1,079,629
Annual Growth
+10%Property Price Trend Analysis
Current Median Price
$1,079,629
Annual Growth
+10%
Quarterly Growth
+2.8%
Price Trends - Last 6 Months
2024-01
$599,650
+4.8%2024-02
$699,930
+11.7%2024-03
$775,282
+9.2%2024-04
$939,460
+13.9%2024-05
$1,101,171
+13.1%2024-06
$570,334
+12.2%Property Type Price Analysis
House
Median Price
$1,381,904
Growth Rate
+14.5%Available Listings
488 properties
Apartment
Median Price
$415,036
Growth Rate
+12.9%Available Listings
257 properties
Townhouse
Median Price
$750,502
Growth Rate
+7.7%Available Listings
328 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