Back to Suburb Insights
Prairiewood Suburb Insights
VICLocation Information
Suburb Name
Prairiewood, VIC
Distance from CBD
12 kmDemographics
Population
3,246
Median Income
$23,088
Area Information
Area
2.13 km²
Population Density
1524 people/km²
Property Market
Median Price
$462,301
Annual Growth
+19.7%Property Price Trend Analysis
Current Median Price
$462,301
Annual Growth
+19.7%
Quarterly Growth
+2%
Price Trends - Last 6 Months
2024-01
$861,321
+4.4%2024-02
$898,788
+9.8%2024-03
$560,097
+12%2024-04
$429,605
+8.3%2024-05
$645,204
+18.3%2024-06
$467,317
+14.5%Property Type Price Analysis
House
Median Price
$1,029,306
Growth Rate
+14.1%Available Listings
202 properties
Apartment
Median Price
$514,990
Growth Rate
+15.4%Available Listings
935 properties
Townhouse
Median Price
$490,716
Growth Rate
+7.6%Available Listings
81 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