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Padstow Suburb Insights
VICLocation Information
Suburb Name
Padstow, VIC
Distance from CBD
14.8 kmDemographics
Population
13,306
Median Income
$32,292
Area Information
Area
5.4 km²
Population Density
2464 people/km²
Property Market
Median Price
$1,006,655
Annual Growth
+14%Property Price Trend Analysis
Current Median Price
$1,006,655
Annual Growth
+14%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$615,833
+10.5%2024-02
$966,079
+5.9%2024-03
$498,721
+12.9%2024-04
$808,824
+10.5%2024-05
$936,831
+8.2%2024-06
$859,137
+20.5%Property Type Price Analysis
House
Median Price
$826,943
Growth Rate
+8.2%Available Listings
119 properties
Apartment
Median Price
$325,279
Growth Rate
+13.2%Available Listings
241 properties
Townhouse
Median Price
$664,642
Growth Rate
+12.2%Available Listings
184 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