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Summer Hill Suburb Insights
VICLocation Information
Suburb Name
Summer Hill, VIC
Distance from CBD
9.2 kmDemographics
Population
7,311
Median Income
$51,636
Area Information
Area
1.2 km²
Population Density
6093 people/km²
Property Market
Median Price
$1,177,976
Annual Growth
+12.8%Property Price Trend Analysis
Current Median Price
$1,177,976
Annual Growth
+12.8%
Quarterly Growth
+4.4%
Price Trends - Last 6 Months
2024-01
$460,941
+10.8%2024-02
$432,481
+12.1%2024-03
$764,645
+10.4%2024-04
$640,832
+16.7%2024-05
$575,928
+17%2024-06
$1,141,459
+18.6%Property Type Price Analysis
House
Median Price
$1,780,446
Growth Rate
+6.3%Available Listings
362 properties
Apartment
Median Price
$604,078
Growth Rate
+17.7%Available Listings
443 properties
Townhouse
Median Price
$538,545
Growth Rate
+14.9%Available Listings
149 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