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Pendle Hill Suburb Insights
VICLocation Information
Suburb Name
Pendle Hill, VIC
Distance from CBD
21.2 kmDemographics
Population
7,247
Median Income
$30,680
Area Information
Area
1.96 km²
Population Density
3697 people/km²
Property Market
Median Price
$852,610
Annual Growth
+12.8%Property Price Trend Analysis
Current Median Price
$852,610
Annual Growth
+12.8%
Quarterly Growth
+2.8%
Price Trends - Last 6 Months
2024-01
$839,586
+9.2%2024-02
$631,770
+6.3%2024-03
$916,995
+11.9%2024-04
$1,054,894
+9.3%2024-05
$980,596
+7.4%2024-06
$743,005
+13.8%Property Type Price Analysis
House
Median Price
$1,266,657
Growth Rate
+9.8%Available Listings
413 properties
Apartment
Median Price
$584,576
Growth Rate
+6.6%Available Listings
778 properties
Townhouse
Median Price
$556,783
Growth Rate
+15.2%Available Listings
162 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