Back to Suburb Insights
Tamarama Suburb Insights
VICLocation Information
Suburb Name
Tamarama, VIC
Distance from CBD
17.8 kmDemographics
Population
1,622
Median Income
$73,528
Area Information
Area
0.3 km²
Population Density
5407 people/km²
Property Market
Median Price
$950,960
Annual Growth
+13.8%Property Price Trend Analysis
Current Median Price
$950,960
Annual Growth
+13.8%
Quarterly Growth
+4.1%
Price Trends - Last 6 Months
2024-01
$355,287
+8.2%2024-02
$479,537
+5.6%2024-03
$543,542
+11.4%2024-04
$654,327
+14.6%2024-05
$1,122,664
+7.1%2024-06
$568,729
+18.9%Property Type Price Analysis
House
Median Price
$1,326,473
Growth Rate
+14.8%Available Listings
325 properties
Apartment
Median Price
$370,229
Growth Rate
+17.1%Available Listings
708 properties
Townhouse
Median Price
$533,725
Growth Rate
+8.9%Available Listings
337 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