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Northmead Suburb Insights
VICLocation Information
Suburb Name
Northmead, VIC
Distance from CBD
7.6 kmDemographics
Population
11,215
Median Income
$40,924
Area Information
Area
4.29 km²
Population Density
2614 people/km²
Property Market
Median Price
$486,688
Annual Growth
+5.7%Property Price Trend Analysis
Current Median Price
$486,688
Annual Growth
+5.7%
Quarterly Growth
+2.9%
Price Trends - Last 6 Months
2024-01
$893,864
+9.5%2024-02
$470,488
+11.6%2024-03
$827,973
+9.6%2024-04
$861,559
+14%2024-05
$445,463
+12.1%2024-06
$894,994
+9.7%Property Type Price Analysis
House
Median Price
$1,603,866
Growth Rate
+11%Available Listings
117 properties
Apartment
Median Price
$473,292
Growth Rate
+13.5%Available Listings
755 properties
Townhouse
Median Price
$840,419
Growth Rate
+11.2%Available Listings
102 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