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Padstow Heights Suburb Insights
VICLocation Information
Suburb Name
Padstow Heights, VIC
Distance from CBD
23.1 kmDemographics
Population
3,540
Median Income
$34,268
Area Information
Area
1.93 km²
Population Density
1834 people/km²
Property Market
Median Price
$868,215
Annual Growth
+17.2%Property Price Trend Analysis
Current Median Price
$868,215
Annual Growth
+17.2%
Quarterly Growth
+4.7%
Price Trends - Last 6 Months
2024-01
$807,408
+7.2%2024-02
$645,726
+7.8%2024-03
$923,251
+12.3%2024-04
$992,272
+16.3%2024-05
$665,914
+8.1%2024-06
$488,797
+18.4%Property Type Price Analysis
House
Median Price
$885,073
Growth Rate
+14.1%Available Listings
303 properties
Apartment
Median Price
$687,524
Growth Rate
+15%Available Listings
440 properties
Townhouse
Median Price
$840,922
Growth Rate
+13.7%Available Listings
141 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