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Pagewood Suburb Insights
VICLocation Information
Suburb Name
Pagewood, VIC
Distance from CBD
17.3 kmDemographics
Population
3,805
Median Income
$38,012
Area Information
Area
2.2 km²
Population Density
1730 people/km²
Property Market
Median Price
$440,722
Annual Growth
+11.3%Property Price Trend Analysis
Current Median Price
$440,722
Annual Growth
+11.3%
Quarterly Growth
+2.9%
Price Trends - Last 6 Months
2024-01
$939,849
+9.6%2024-02
$711,992
+5%2024-03
$617,980
+12.4%2024-04
$693,258
+6%2024-05
$905,643
+7%2024-06
$604,792
+16%Property Type Price Analysis
House
Median Price
$1,743,029
Growth Rate
+7.6%Available Listings
376 properties
Apartment
Median Price
$304,602
Growth Rate
+7.9%Available Listings
816 properties
Townhouse
Median Price
$620,228
Growth Rate
+15.9%Available Listings
196 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