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Wetherill Park Suburb Insights
VICLocation Information
Suburb Name
Wetherill Park, VIC
Distance from CBD
8.6 kmDemographics
Population
6,127
Median Income
$25,688
Area Information
Area
11.21 km²
Population Density
547 people/km²
Property Market
Median Price
$1,002,940
Annual Growth
+12.1%Property Price Trend Analysis
Current Median Price
$1,002,940
Annual Growth
+12.1%
Quarterly Growth
+1.2%
Price Trends - Last 6 Months
2024-01
$896,154
+8.3%2024-02
$744,462
+10.1%2024-03
$691,527
+5.3%2024-04
$1,074,092
+7.6%2024-05
$852,993
+7.3%2024-06
$509,130
+14.8%Property Type Price Analysis
House
Median Price
$1,773,549
Growth Rate
+14.1%Available Listings
181 properties
Apartment
Median Price
$491,702
Growth Rate
+7.3%Available Listings
434 properties
Townhouse
Median Price
$581,772
Growth Rate
+8.3%Available Listings
79 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy