Back to Suburb Insights
Birrong Suburb Insights
VICLocation Information
Suburb Name
Birrong, VIC
Distance from CBD
20.5 kmDemographics
Population
3,103
Median Income
$24,596
Area Information
Area
1.2 km²
Population Density
2586 people/km²
Property Market
Median Price
$472,570
Annual Growth
+16.7%Property Price Trend Analysis
Current Median Price
$472,570
Annual Growth
+16.7%
Quarterly Growth
+4.5%
Price Trends - Last 6 Months
2024-01
$389,326
+8.5%2024-02
$516,625
+6%2024-03
$969,320
+14.2%2024-04
$635,463
+6.7%2024-05
$704,851
+15%2024-06
$875,366
+12.4%Property Type Price Analysis
House
Median Price
$1,731,035
Growth Rate
+5.1%Available Listings
340 properties
Apartment
Median Price
$362,903
Growth Rate
+15.8%Available Listings
510 properties
Townhouse
Median Price
$835,920
Growth Rate
+10%Available Listings
325 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