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Scotland Island Suburb Insights
VICLocation Information
Suburb Name
Scotland Island, VIC
Distance from CBD
22.9 kmDemographics
Population
579
Median Income
$50,180
Area Information
Area
0.55 km²
Population Density
1053 people/km²
Property Market
Median Price
$689,424
Annual Growth
+13.6%Property Price Trend Analysis
Current Median Price
$689,424
Annual Growth
+13.6%
Quarterly Growth
+1%
Price Trends - Last 6 Months
2024-01
$662,032
+9.1%2024-02
$843,861
+11.5%2024-03
$870,112
+9.9%2024-04
$969,251
+12.5%2024-05
$436,248
+10.6%2024-06
$1,068,888
+17.1%Property Type Price Analysis
House
Median Price
$884,983
Growth Rate
+12.9%Available Listings
182 properties
Apartment
Median Price
$622,521
Growth Rate
+14.3%Available Listings
664 properties
Townhouse
Median Price
$838,930
Growth Rate
+11.4%Available Listings
146 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy