Back to Suburb Insights
Ramsgate Beach Suburb Insights
VICLocation Information
Suburb Name
Ramsgate Beach, VIC
Distance from CBD
10.8 kmDemographics
Population
1,660
Median Income
$39,624
Area Information
Area
0.4 km²
Population Density
4150 people/km²
Property Market
Median Price
$790,463
Annual Growth
+20%Property Price Trend Analysis
Current Median Price
$790,463
Annual Growth
+20%
Quarterly Growth
+2.5%
Price Trends - Last 6 Months
2024-01
$993,388
+7.2%2024-02
$953,586
+11.3%2024-03
$486,919
+10.7%2024-04
$891,290
+7.8%2024-05
$1,033,378
+18.8%2024-06
$494,474
+9.5%Property Type Price Analysis
House
Median Price
$1,498,953
Growth Rate
+5.3%Available Listings
173 properties
Apartment
Median Price
$568,267
Growth Rate
+17.8%Available Listings
869 properties
Townhouse
Median Price
$734,886
Growth Rate
+14.6%Available Listings
96 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