Back to Suburb Insights
Wareemba Suburb Insights
VICLocation Information
Suburb Name
Wareemba, VIC
Distance from CBD
20.4 kmDemographics
Population
1,546
Median Income
$42,172
Area Information
Area
0.32 km²
Population Density
4831 people/km²
Property Market
Median Price
$518,337
Annual Growth
+18.6%Property Price Trend Analysis
Current Median Price
$518,337
Annual Growth
+18.6%
Quarterly Growth
+2.9%
Price Trends - Last 6 Months
2024-01
$363,220
+3.2%2024-02
$777,150
+12.3%2024-03
$790,612
+8.7%2024-04
$931,380
+13.3%2024-05
$572,036
+8.5%2024-06
$1,221,057
+20.9%Property Type Price Analysis
House
Median Price
$1,396,995
Growth Rate
+10.9%Available Listings
370 properties
Apartment
Median Price
$515,999
Growth Rate
+6.8%Available Listings
708 properties
Townhouse
Median Price
$659,427
Growth Rate
+16.5%Available Listings
281 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