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Narellan Vale Suburb Insights
VICLocation Information
Suburb Name
Narellan Vale, VIC
Distance from CBD
21.6 kmDemographics
Population
7,193
Median Income
$40,352
Area Information
Area
2.48 km²
Population Density
2900 people/km²
Property Market
Median Price
$666,979
Annual Growth
+18.3%Property Price Trend Analysis
Current Median Price
$666,979
Annual Growth
+18.3%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$845,603
+8.4%2024-02
$902,930
+8%2024-03
$805,435
+13.9%2024-04
$927,453
+7.1%2024-05
$961,257
+11.4%2024-06
$463,185
+15%Property Type Price Analysis
House
Median Price
$1,104,252
Growth Rate
+5%Available Listings
468 properties
Apartment
Median Price
$514,392
Growth Rate
+6.5%Available Listings
361 properties
Townhouse
Median Price
$841,806
Growth Rate
+10.5%Available Listings
196 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy