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Wheeler Heights Suburb Insights
VICLocation Information
Suburb Name
Wheeler Heights, VIC
Distance from CBD
21.7 kmDemographics
Population
2,986
Median Income
$42,848
Area Information
Area
0.85 km²
Population Density
3513 people/km²
Property Market
Median Price
$490,006
Annual Growth
+11.1%Property Price Trend Analysis
Current Median Price
$490,006
Annual Growth
+11.1%
Quarterly Growth
+3.8%
Price Trends - Last 6 Months
2024-01
$406,215
+4.5%2024-02
$1,016,296
+4.1%2024-03
$704,147
+13.8%2024-04
$939,256
+8.2%2024-05
$658,150
+15.6%2024-06
$1,032,096
+17.9%Property Type Price Analysis
House
Median Price
$1,715,228
Growth Rate
+13.6%Available Listings
444 properties
Apartment
Median Price
$694,704
Growth Rate
+14%Available Listings
232 properties
Townhouse
Median Price
$858,948
Growth Rate
+9.1%Available Listings
111 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