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Blue Bay Suburb Insights
VICLocation Information
Suburb Name
Blue Bay, VIC
Distance from CBD
20.2 kmDemographics
Population
1,027
Median Income
$32,188
Area Information
Area
0.47 km²
Population Density
2185 people/km²
Property Market
Median Price
$665,697
Annual Growth
+10.7%Property Price Trend Analysis
Current Median Price
$665,697
Annual Growth
+10.7%
Quarterly Growth
+2.5%
Price Trends - Last 6 Months
2024-01
$887,164
+4.2%2024-02
$868,877
+6.7%2024-03
$525,879
+9.6%2024-04
$426,967
+9.2%2024-05
$616,633
+15.2%2024-06
$644,272
+13.9%Property Type Price Analysis
House
Median Price
$1,062,454
Growth Rate
+11.4%Available Listings
189 properties
Apartment
Median Price
$635,539
Growth Rate
+12.6%Available Listings
986 properties
Townhouse
Median Price
$599,725
Growth Rate
+16.6%Available Listings
135 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