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Sylvania Suburb Insights
VICLocation Information
Suburb Name
Sylvania, VIC
Distance from CBD
13.4 kmDemographics
Population
10,479
Median Income
$37,284
Area Information
Area
3.38 km²
Population Density
3100 people/km²
Property Market
Median Price
$846,950
Annual Growth
+12.4%Property Price Trend Analysis
Current Median Price
$846,950
Annual Growth
+12.4%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$547,098
+6.9%2024-02
$520,727
+10.9%2024-03
$601,816
+13.2%2024-04
$405,242
+13.2%2024-05
$876,730
+14.1%2024-06
$842,242
+12.5%Property Type Price Analysis
House
Median Price
$1,385,880
Growth Rate
+10.5%Available Listings
343 properties
Apartment
Median Price
$429,479
Growth Rate
+9.1%Available Listings
998 properties
Townhouse
Median Price
$532,963
Growth Rate
+7.6%Available Listings
211 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