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Wakeley Suburb Insights
VICLocation Information
Suburb Name
Wakeley, VIC
Distance from CBD
10.6 kmDemographics
Population
4,746
Median Income
$23,972
Area Information
Area
1.63 km²
Population Density
2912 people/km²
Property Market
Median Price
$991,635
Annual Growth
+9.4%Property Price Trend Analysis
Current Median Price
$991,635
Annual Growth
+9.4%
Quarterly Growth
+3.5%
Price Trends - Last 6 Months
2024-01
$948,560
+8.3%2024-02
$661,687
+6.2%2024-03
$801,131
+7.4%2024-04
$486,670
+7.5%2024-05
$1,154,229
+15.8%2024-06
$650,839
+18.2%Property Type Price Analysis
House
Median Price
$945,284
Growth Rate
+5.7%Available Listings
130 properties
Apartment
Median Price
$381,200
Growth Rate
+11%Available Listings
220 properties
Townhouse
Median Price
$682,417
Growth Rate
+7.2%Available Listings
133 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