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Smithfield Suburb Insights
VICLocation Information
Suburb Name
Smithfield, VIC
Distance from CBD
24 kmDemographics
Population
11,972
Median Income
$23,764
Area Information
Area
8.92 km²
Population Density
1342 people/km²
Property Market
Median Price
$512,930
Annual Growth
+13.6%Property Price Trend Analysis
Current Median Price
$512,930
Annual Growth
+13.6%
Quarterly Growth
+4.9%
Price Trends - Last 6 Months
2024-01
$446,490
+6.5%2024-02
$689,846
+4.3%2024-03
$1,049,015
+8.5%2024-04
$729,620
+6.3%2024-05
$1,067,296
+13.3%2024-06
$715,334
+9.4%Property Type Price Analysis
House
Median Price
$1,194,815
Growth Rate
+12.2%Available Listings
203 properties
Apartment
Median Price
$340,515
Growth Rate
+11.3%Available Listings
209 properties
Townhouse
Median Price
$580,017
Growth Rate
+8.6%Available Listings
103 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