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Raby Suburb Insights
VICLocation Information
Suburb Name
Raby, VIC
Distance from CBD
16.3 kmDemographics
Population
5,944
Median Income
$39,104
Area Information
Area
2.66 km²
Population Density
2235 people/km²
Property Market
Median Price
$890,615
Annual Growth
+11.2%Property Price Trend Analysis
Current Median Price
$890,615
Annual Growth
+11.2%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$461,068
+8.1%2024-02
$591,671
+9.6%2024-03
$774,401
+8.5%2024-04
$416,090
+9.7%2024-05
$1,013,053
+11.1%2024-06
$895,115
+10.2%Property Type Price Analysis
House
Median Price
$1,216,610
Growth Rate
+7.4%Available Listings
206 properties
Apartment
Median Price
$433,814
Growth Rate
+10.5%Available Listings
899 properties
Townhouse
Median Price
$914,687
Growth Rate
+15.1%Available Listings
88 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