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Northbridge Suburb Insights
VICLocation Information
Suburb Name
Northbridge, VIC
Distance from CBD
5.4 kmDemographics
Population
6,347
Median Income
$60,060
Area Information
Area
2.73 km²
Population Density
2325 people/km²
Property Market
Median Price
$1,070,483
Annual Growth
+14.4%Property Price Trend Analysis
Current Median Price
$1,070,483
Annual Growth
+14.4%
Quarterly Growth
+3.5%
Price Trends - Last 6 Months
2024-01
$785,444
+10.1%2024-02
$521,148
+12.9%2024-03
$1,077,598
+9.3%2024-04
$717,709
+11.5%2024-05
$637,083
+10.7%2024-06
$1,104,237
+15.1%Property Type Price Analysis
House
Median Price
$1,465,874
Growth Rate
+8.7%Available Listings
367 properties
Apartment
Median Price
$383,495
Growth Rate
+17.6%Available Listings
930 properties
Townhouse
Median Price
$775,915
Growth Rate
+7.3%Available Listings
314 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