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Panania Suburb Insights
VICLocation Information
Suburb Name
Panania, VIC
Distance from CBD
20.2 kmDemographics
Population
12,419
Median Income
$34,216
Area Information
Area
4.75 km²
Population Density
2615 people/km²
Property Market
Median Price
$499,825
Annual Growth
+10.4%Property Price Trend Analysis
Current Median Price
$499,825
Annual Growth
+10.4%
Quarterly Growth
+1.7%
Price Trends - Last 6 Months
2024-01
$521,342
+3.3%2024-02
$741,387
+10.3%2024-03
$993,805
+14%2024-04
$434,946
+8.3%2024-05
$1,193,099
+10.8%2024-06
$446,853
+8.4%Property Type Price Analysis
House
Median Price
$1,393,490
Growth Rate
+8%Available Listings
225 properties
Apartment
Median Price
$558,641
Growth Rate
+17.3%Available Listings
464 properties
Townhouse
Median Price
$803,438
Growth Rate
+7.9%Available Listings
199 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy