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Normanhurst Suburb Insights
VICLocation Information
Suburb Name
Normanhurst, VIC
Distance from CBD
22.3 kmDemographics
Population
5,290
Median Income
$38,688
Area Information
Area
2.19 km²
Population Density
2416 people/km²
Property Market
Median Price
$1,083,530
Annual Growth
+16.1%Property Price Trend Analysis
Current Median Price
$1,083,530
Annual Growth
+16.1%
Quarterly Growth
+3%
Price Trends - Last 6 Months
2024-01
$747,143
+3.9%2024-02
$537,393
+8.4%2024-03
$978,917
+9.8%2024-04
$908,726
+16.7%2024-05
$1,019,499
+11.6%2024-06
$886,466
+11.9%Property Type Price Analysis
House
Median Price
$1,640,198
Growth Rate
+13.2%Available Listings
185 properties
Apartment
Median Price
$348,801
Growth Rate
+15.6%Available Listings
758 properties
Townhouse
Median Price
$905,386
Growth Rate
+11.5%Available Listings
174 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