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Westleigh Suburb Insights
VICLocation Information
Suburb Name
Westleigh, VIC
Distance from CBD
7.6 kmDemographics
Population
4,456
Median Income
$44,044
Area Information
Area
3.82 km²
Population Density
1166 people/km²
Property Market
Median Price
$687,686
Annual Growth
+15.8%Property Price Trend Analysis
Current Median Price
$687,686
Annual Growth
+15.8%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$716,686
+7.8%2024-02
$420,070
+4.2%2024-03
$1,101,071
+5.7%2024-04
$489,199
+6.8%2024-05
$1,072,897
+13.1%2024-06
$618,489
+10.5%Property Type Price Analysis
House
Median Price
$1,348,892
Growth Rate
+6.5%Available Listings
158 properties
Apartment
Median Price
$317,679
Growth Rate
+9.9%Available Listings
835 properties
Townhouse
Median Price
$449,324
Growth Rate
+11.9%Available Listings
180 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