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North Balgowlah Suburb Insights
VICLocation Information
Suburb Name
North Balgowlah, VIC
Distance from CBD
4.7 kmDemographics
Population
3,667
Median Income
$51,064
Area Information
Area
1.12 km²
Population Density
3274 people/km²
Property Market
Median Price
$551,720
Annual Growth
+12.4%Property Price Trend Analysis
Current Median Price
$551,720
Annual Growth
+12.4%
Quarterly Growth
+1.6%
Price Trends - Last 6 Months
2024-01
$627,286
+6.6%2024-02
$362,475
+10.3%2024-03
$887,330
+8.7%2024-04
$834,834
+7.8%2024-05
$402,203
+16.4%2024-06
$814,663
+18.6%Property Type Price Analysis
House
Median Price
$979,327
Growth Rate
+9.1%Available Listings
415 properties
Apartment
Median Price
$535,850
Growth Rate
+9.1%Available Listings
837 properties
Townhouse
Median Price
$821,966
Growth Rate
+9.9%Available Listings
227 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