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Terrey Hills Suburb Insights
VICLocation Information
Suburb Name
Terrey Hills, VIC
Distance from CBD
18.2 kmDemographics
Population
3,041
Median Income
$42,484
Area Information
Area
8.45 km²
Population Density
360 people/km²
Property Market
Median Price
$661,444
Annual Growth
+8.1%Property Price Trend Analysis
Current Median Price
$661,444
Annual Growth
+8.1%
Quarterly Growth
+2.4%
Price Trends - Last 6 Months
2024-01
$588,504
+10.3%2024-02
$1,058,463
+5.4%2024-03
$875,329
+5.6%2024-04
$1,132,161
+12.1%2024-05
$1,174,878
+7.6%2024-06
$870,841
+10.9%Property Type Price Analysis
House
Median Price
$1,473,141
Growth Rate
+7.8%Available Listings
118 properties
Apartment
Median Price
$403,799
Growth Rate
+8.7%Available Listings
905 properties
Townhouse
Median Price
$701,488
Growth Rate
+13.7%Available Listings
265 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