Back to Suburb Insights
Turrella Suburb Insights
VICLocation Information
Suburb Name
Turrella, VIC
Distance from CBD
6.8 kmDemographics
Population
2,511
Median Income
$32,292
Area Information
Area
0.64 km²
Population Density
3923 people/km²
Property Market
Median Price
$1,136,329
Annual Growth
+12.3%Property Price Trend Analysis
Current Median Price
$1,136,329
Annual Growth
+12.3%
Quarterly Growth
+2.2%
Price Trends - Last 6 Months
2024-01
$985,265
+3.2%2024-02
$407,433
+12.7%2024-03
$1,056,703
+6.3%2024-04
$626,254
+16.1%2024-05
$983,499
+11.2%2024-06
$871,540
+13.4%Property Type Price Analysis
House
Median Price
$1,176,569
Growth Rate
+10.8%Available Listings
297 properties
Apartment
Median Price
$682,919
Growth Rate
+9.6%Available Listings
764 properties
Townhouse
Median Price
$528,557
Growth Rate
+13.9%Available Listings
336 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