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Prospect Suburb Insights
VICLocation Information
Suburb Name
Prospect, VIC
Distance from CBD
9.6 kmDemographics
Population
4,716
Median Income
$37,544
Area Information
Area
13.78 km²
Population Density
342 people/km²
Property Market
Median Price
$492,611
Annual Growth
+7.5%Property Price Trend Analysis
Current Median Price
$492,611
Annual Growth
+7.5%
Quarterly Growth
+1.3%
Price Trends - Last 6 Months
2024-01
$810,671
+8.9%2024-02
$548,034
+12.7%2024-03
$597,796
+12%2024-04
$445,962
+16.8%2024-05
$437,382
+16.6%2024-06
$653,401
+15%Property Type Price Analysis
House
Median Price
$873,954
Growth Rate
+7.7%Available Listings
253 properties
Apartment
Median Price
$653,980
Growth Rate
+14.8%Available Listings
483 properties
Townhouse
Median Price
$740,509
Growth Rate
+13.7%Available Listings
290 properties
Investment Potential Assessment
Investment Advantages
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy