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Taren Point Suburb Insights
VICLocation Information
Suburb Name
Taren Point, VIC
Distance from CBD
22.3 kmDemographics
Population
1,734
Median Income
$36,296
Area Information
Area
1.36 km²
Population Density
1275 people/km²
Property Market
Median Price
$1,028,312
Annual Growth
+5.6%Property Price Trend Analysis
Current Median Price
$1,028,312
Annual Growth
+5.6%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$656,388
+5.9%2024-02
$729,584
+8%2024-03
$950,997
+9.7%2024-04
$849,081
+8.8%2024-05
$949,515
+18.2%2024-06
$1,004,568
+12.5%Property Type Price Analysis
House
Median Price
$1,050,694
Growth Rate
+5.4%Available Listings
433 properties
Apartment
Median Price
$546,207
Growth Rate
+7.6%Available Listings
583 properties
Townhouse
Median Price
$842,093
Growth Rate
+12.3%Available Listings
85 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy