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Ramsgate Suburb Insights
VICLocation Information
Suburb Name
Ramsgate, VIC
Distance from CBD
10.7 kmDemographics
Population
1,114
Median Income
$35,464
Area Information
Area
0.43 km²
Population Density
2591 people/km²
Property Market
Median Price
$598,369
Annual Growth
+12.4%Property Price Trend Analysis
Current Median Price
$598,369
Annual Growth
+12.4%
Quarterly Growth
+2.4%
Price Trends - Last 6 Months
2024-01
$715,609
+4.2%2024-02
$924,952
+10%2024-03
$717,111
+10.1%2024-04
$1,102,062
+16.9%2024-05
$1,011,705
+7.3%2024-06
$839,011
+18.5%Property Type Price Analysis
House
Median Price
$1,677,639
Growth Rate
+7.5%Available Listings
449 properties
Apartment
Median Price
$316,491
Growth Rate
+8.5%Available Listings
216 properties
Townhouse
Median Price
$771,549
Growth Rate
+12.5%Available Listings
58 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