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Noraville Suburb Insights
VICLocation Information
Suburb Name
Noraville, VIC
Distance from CBD
8 kmDemographics
Population
2,918
Median Income
$30,888
Area Information
Area
1.76 km²
Population Density
1658 people/km²
Property Market
Median Price
$612,093
Annual Growth
+6.7%Property Price Trend Analysis
Current Median Price
$612,093
Annual Growth
+6.7%
Quarterly Growth
+3.1%
Price Trends - Last 6 Months
2024-01
$853,671
+6.3%2024-02
$418,171
+6.7%2024-03
$1,001,502
+13.8%2024-04
$749,790
+13%2024-05
$525,338
+10.7%2024-06
$1,085,878
+18.7%Property Type Price Analysis
House
Median Price
$1,668,276
Growth Rate
+9.9%Available Listings
322 properties
Apartment
Median Price
$457,965
Growth Rate
+9.1%Available Listings
313 properties
Townhouse
Median Price
$744,457
Growth Rate
+12.1%Available Listings
279 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