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Tempe Suburb Insights
VICLocation Information
Suburb Name
Tempe, VIC
Distance from CBD
5.8 kmDemographics
Population
3,556
Median Income
$41,600
Area Information
Area
1.85 km²
Population Density
1922 people/km²
Property Market
Median Price
$683,539
Annual Growth
+8.2%Property Price Trend Analysis
Current Median Price
$683,539
Annual Growth
+8.2%
Quarterly Growth
+4.1%
Price Trends - Last 6 Months
2024-01
$875,334
+5.6%2024-02
$480,327
+13%2024-03
$645,477
+7.7%2024-04
$979,639
+6.4%2024-05
$489,048
+7.2%2024-06
$457,863
+10.4%Property Type Price Analysis
House
Median Price
$1,362,571
Growth Rate
+7.5%Available Listings
474 properties
Apartment
Median Price
$544,617
Growth Rate
+16.5%Available Listings
759 properties
Townhouse
Median Price
$624,555
Growth Rate
+8%Available Listings
178 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