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Phegans Bay Suburb Insights
VICLocation Information
Suburb Name
Phegans Bay, VIC
Distance from CBD
23 kmDemographics
Population
432
Median Income
$37,700
Area Information
Area
0.56 km²
Population Density
771 people/km²
Property Market
Median Price
$828,516
Annual Growth
+12.4%Property Price Trend Analysis
Current Median Price
$828,516
Annual Growth
+12.4%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$1,003,485
+9.2%2024-02
$1,031,388
+8.3%2024-03
$642,878
+5%2024-04
$520,850
+12.1%2024-05
$1,072,291
+10.4%2024-06
$579,628
+20.5%Property Type Price Analysis
House
Median Price
$1,575,222
Growth Rate
+13.1%Available Listings
138 properties
Apartment
Median Price
$491,232
Growth Rate
+16.7%Available Listings
835 properties
Townhouse
Median Price
$506,037
Growth Rate
+15.9%Available Listings
329 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