Back to Suburb Insights
Picnic Point Suburb Insights
VICLocation Information
Suburb Name
Picnic Point, VIC
Distance from CBD
24.7 kmDemographics
Population
6,160
Median Income
$40,560
Area Information
Area
3.86 km²
Population Density
1596 people/km²
Property Market
Median Price
$1,054,532
Annual Growth
+18%Property Price Trend Analysis
Current Median Price
$1,054,532
Annual Growth
+18%
Quarterly Growth
+3.7%
Price Trends - Last 6 Months
2024-01
$474,938
+3.8%2024-02
$998,204
+7.2%2024-03
$532,360
+11.1%2024-04
$584,893
+9.4%2024-05
$558,201
+8.6%2024-06
$724,291
+9.2%Property Type Price Analysis
House
Median Price
$1,755,432
Growth Rate
+5.3%Available Listings
399 properties
Apartment
Median Price
$672,602
Growth Rate
+8.9%Available Listings
204 properties
Townhouse
Median Price
$945,904
Growth Rate
+9.7%Available Listings
204 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