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Turramurra Suburb Insights
VICLocation Information
Suburb Name
Turramurra, VIC
Distance from CBD
15.1 kmDemographics
Population
11,919
Median Income
$49,920
Area Information
Area
6 km²
Population Density
1987 people/km²
Property Market
Median Price
$922,987
Annual Growth
+15.5%Property Price Trend Analysis
Current Median Price
$922,987
Annual Growth
+15.5%
Quarterly Growth
+4.8%
Price Trends - Last 6 Months
2024-01
$1,030,141
+9%2024-02
$933,349
+10.3%2024-03
$781,506
+6.8%2024-04
$394,696
+13.3%2024-05
$587,129
+12.6%2024-06
$649,530
+12.1%Property Type Price Analysis
House
Median Price
$1,338,312
Growth Rate
+10.4%Available Listings
223 properties
Apartment
Median Price
$324,864
Growth Rate
+7.8%Available Listings
989 properties
Townhouse
Median Price
$613,285
Growth Rate
+12%Available Listings
53 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