Back to Suburb Insights
Spring Farm Suburb Insights
VICLocation Information
Suburb Name
Spring Farm, VIC
Distance from CBD
13.4 kmDemographics
Population
4,307
Median Income
$53,196
Area Information
Area
6.36 km²
Population Density
677 people/km²
Property Market
Median Price
$1,041,364
Annual Growth
+18.8%Property Price Trend Analysis
Current Median Price
$1,041,364
Annual Growth
+18.8%
Quarterly Growth
+4.1%
Price Trends - Last 6 Months
2024-01
$824,690
+3.3%2024-02
$485,639
+6.2%2024-03
$387,377
+12%2024-04
$755,531
+14.8%2024-05
$1,125,573
+12.6%2024-06
$619,195
+9.4%Property Type Price Analysis
House
Median Price
$1,190,408
Growth Rate
+11.9%Available Listings
290 properties
Apartment
Median Price
$404,470
Growth Rate
+17.6%Available Listings
886 properties
Townhouse
Median Price
$898,929
Growth Rate
+8.1%Available Listings
267 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