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Schofields Suburb Insights
VICLocation Information
Suburb Name
Schofields, VIC
Distance from CBD
24 kmDemographics
Population
4,983
Median Income
$42,744
Area Information
Area
13.88 km²
Population Density
359 people/km²
Property Market
Median Price
$838,962
Annual Growth
+11.1%Property Price Trend Analysis
Current Median Price
$838,962
Annual Growth
+11.1%
Quarterly Growth
+3.3%
Price Trends - Last 6 Months
2024-01
$776,691
+10.5%2024-02
$543,890
+5.7%2024-03
$1,039,652
+13.1%2024-04
$1,033,312
+7.6%2024-05
$747,121
+18.1%2024-06
$528,437
+16.7%Property Type Price Analysis
House
Median Price
$1,498,884
Growth Rate
+14.1%Available Listings
160 properties
Apartment
Median Price
$454,354
Growth Rate
+9.1%Available Listings
247 properties
Townhouse
Median Price
$432,399
Growth Rate
+6.7%Available Listings
295 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