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Waitara Suburb Insights
VICLocation Information
Suburb Name
Waitara, VIC
Distance from CBD
14.8 kmDemographics
Population
5,941
Median Income
$43,524
Area Information
Area
0.76 km²
Population Density
7817 people/km²
Property Market
Median Price
$722,577
Annual Growth
+16.5%Property Price Trend Analysis
Current Median Price
$722,577
Annual Growth
+16.5%
Quarterly Growth
+4.6%
Price Trends - Last 6 Months
2024-01
$974,090
+6.8%2024-02
$415,142
+6.6%2024-03
$417,869
+6.5%2024-04
$934,761
+12.3%2024-05
$448,648
+7.8%2024-06
$620,557
+10.9%Property Type Price Analysis
House
Median Price
$1,010,742
Growth Rate
+7.4%Available Listings
368 properties
Apartment
Median Price
$472,758
Growth Rate
+16%Available Listings
409 properties
Townhouse
Median Price
$585,275
Growth Rate
+15.4%Available Listings
121 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