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Werrington Suburb Insights
VICLocation Information
Suburb Name
Werrington, VIC
Distance from CBD
15.3 kmDemographics
Population
4,031
Median Income
$33,436
Area Information
Area
4.51 km²
Population Density
894 people/km²
Property Market
Median Price
$1,022,604
Annual Growth
+13.1%Property Price Trend Analysis
Current Median Price
$1,022,604
Annual Growth
+13.1%
Quarterly Growth
+3.7%
Price Trends - Last 6 Months
2024-01
$576,570
+8.1%2024-02
$1,047,821
+9.1%2024-03
$460,652
+6.3%2024-04
$1,023,994
+11.1%2024-05
$867,918
+13.7%2024-06
$454,042
+20.7%Property Type Price Analysis
House
Median Price
$1,239,728
Growth Rate
+13.8%Available Listings
275 properties
Apartment
Median Price
$507,173
Growth Rate
+13.8%Available Listings
449 properties
Townhouse
Median Price
$633,907
Growth Rate
+15.6%Available Listings
258 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