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Berkeley Vale Suburb Insights
VICLocation Information
Suburb Name
Berkeley Vale, VIC
Distance from CBD
18.9 kmDemographics
Population
8,355
Median Income
$33,852
Area Information
Area
6.14 km²
Population Density
1361 people/km²
Property Market
Median Price
$996,484
Annual Growth
+17.9%Property Price Trend Analysis
Current Median Price
$996,484
Annual Growth
+17.9%
Quarterly Growth
+1%
Price Trends - Last 6 Months
2024-01
$462,783
+4.9%2024-02
$556,292
+12.6%2024-03
$579,092
+9.5%2024-04
$478,690
+13.3%2024-05
$548,514
+13.6%2024-06
$966,730
+14%Property Type Price Analysis
House
Median Price
$933,642
Growth Rate
+7.5%Available Listings
146 properties
Apartment
Median Price
$389,042
Growth Rate
+6.5%Available Listings
722 properties
Townhouse
Median Price
$933,121
Growth Rate
+10.1%Available Listings
296 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