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Penshurst Suburb Insights
VICLocation Information
Suburb Name
Penshurst, VIC
Distance from CBD
21.8 kmDemographics
Population
12,786
Median Income
$34,684
Area Information
Area
2.52 km²
Population Density
5074 people/km²
Property Market
Median Price
$851,558
Annual Growth
+17.7%Property Price Trend Analysis
Current Median Price
$851,558
Annual Growth
+17.7%
Quarterly Growth
+1.7%
Price Trends - Last 6 Months
2024-01
$988,737
+4%2024-02
$570,986
+5.9%2024-03
$649,202
+10.8%2024-04
$648,641
+11.2%2024-05
$421,928
+9.5%2024-06
$583,809
+12.5%Property Type Price Analysis
House
Median Price
$1,263,852
Growth Rate
+7.6%Available Listings
485 properties
Apartment
Median Price
$421,161
Growth Rate
+9.3%Available Listings
487 properties
Townhouse
Median Price
$933,467
Growth Rate
+6.9%Available Listings
280 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