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Northwood Suburb Insights
VICLocation Information
Suburb Name
Northwood, VIC
Distance from CBD
5.1 kmDemographics
Population
982
Median Income
$72,124
Area Information
Area
0.38 km²
Population Density
2584 people/km²
Property Market
Median Price
$1,088,766
Annual Growth
+10.5%Property Price Trend Analysis
Current Median Price
$1,088,766
Annual Growth
+10.5%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$999,714
+9.9%2024-02
$700,711
+6.7%2024-03
$489,557
+9.8%2024-04
$699,904
+10.3%2024-05
$980,615
+7.7%2024-06
$451,488
+8.7%Property Type Price Analysis
House
Median Price
$1,757,868
Growth Rate
+8.9%Available Listings
375 properties
Apartment
Median Price
$485,434
Growth Rate
+17.7%Available Listings
490 properties
Townhouse
Median Price
$731,487
Growth Rate
+9%Available Listings
146 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