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Berala Suburb Insights
VICLocation Information
Suburb Name
Berala, VIC
Distance from CBD
11.2 kmDemographics
Population
9,049
Median Income
$24,544
Area Information
Area
2.13 km²
Population Density
4248 people/km²
Property Market
Median Price
$697,722
Annual Growth
+7.9%Property Price Trend Analysis
Current Median Price
$697,722
Annual Growth
+7.9%
Quarterly Growth
+3.7%
Price Trends - Last 6 Months
2024-01
$902,549
+10.7%2024-02
$669,323
+5.3%2024-03
$1,028,473
+9.5%2024-04
$569,311
+11.1%2024-05
$1,134,485
+15.7%2024-06
$903,731
+9%Property Type Price Analysis
House
Median Price
$1,540,877
Growth Rate
+11%Available Listings
296 properties
Apartment
Median Price
$537,809
Growth Rate
+14.8%Available Listings
909 properties
Townhouse
Median Price
$921,259
Growth Rate
+16.7%Available Listings
284 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