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Bella Vista Suburb Insights
VICLocation Information
Suburb Name
Bella Vista, VIC
Distance from CBD
5.1 kmDemographics
Population
7,837
Median Income
$43,784
Area Information
Area
3.8 km²
Population Density
2062 people/km²
Property Market
Median Price
$1,128,145
Annual Growth
+11.7%Property Price Trend Analysis
Current Median Price
$1,128,145
Annual Growth
+11.7%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$682,948
+7.7%2024-02
$1,013,157
+12.8%2024-03
$648,301
+10.6%2024-04
$988,319
+13.9%2024-05
$557,384
+16.8%2024-06
$1,015,257
+19.3%Property Type Price Analysis
House
Median Price
$1,117,021
Growth Rate
+12.3%Available Listings
417 properties
Apartment
Median Price
$348,230
Growth Rate
+10%Available Listings
605 properties
Townhouse
Median Price
$498,039
Growth Rate
+10%Available Listings
144 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