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Niagara Park Suburb Insights
VICLocation Information
Suburb Name
Niagara Park, VIC
Distance from CBD
18.1 kmDemographics
Population
2,743
Median Income
$33,384
Area Information
Area
4.78 km²
Population Density
574 people/km²
Property Market
Median Price
$620,830
Annual Growth
+5.7%Property Price Trend Analysis
Current Median Price
$620,830
Annual Growth
+5.7%
Quarterly Growth
+5%
Price Trends - Last 6 Months
2024-01
$881,854
+7.9%2024-02
$779,122
+10.4%2024-03
$772,935
+10.9%2024-04
$1,116,644
+13.8%2024-05
$736,762
+13.8%2024-06
$614,962
+18.9%Property Type Price Analysis
House
Median Price
$1,500,810
Growth Rate
+12%Available Listings
393 properties
Apartment
Median Price
$305,132
Growth Rate
+9.5%Available Listings
459 properties
Townhouse
Median Price
$634,640
Growth Rate
+11.1%Available Listings
317 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy