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Springfield Suburb Insights
VICLocation Information
Suburb Name
Springfield, VIC
Distance from CBD
12.5 kmDemographics
Population
4,104
Median Income
$34,320
Area Information
Area
4.59 km²
Population Density
894 people/km²
Property Market
Median Price
$1,169,091
Annual Growth
+18.5%Property Price Trend Analysis
Current Median Price
$1,169,091
Annual Growth
+18.5%
Quarterly Growth
+2.2%
Price Trends - Last 6 Months
2024-01
$623,697
+4.3%2024-02
$385,844
+10%2024-03
$536,994
+11.2%2024-04
$812,423
+15.4%2024-05
$640,637
+14.6%2024-06
$998,319
+9%Property Type Price Analysis
House
Median Price
$1,029,832
Growth Rate
+9.9%Available Listings
390 properties
Apartment
Median Price
$584,455
Growth Rate
+14.9%Available Listings
722 properties
Townhouse
Median Price
$662,585
Growth Rate
+9.5%Available Listings
278 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