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Wiley Park Suburb Insights
VICLocation Information
Suburb Name
Wiley Park, VIC
Distance from CBD
15.8 kmDemographics
Population
10,126
Median Income
$23,036
Area Information
Area
1.36 km²
Population Density
7446 people/km²
Property Market
Median Price
$820,955
Annual Growth
+10.4%Property Price Trend Analysis
Current Median Price
$820,955
Annual Growth
+10.4%
Quarterly Growth
+1.6%
Price Trends - Last 6 Months
2024-01
$889,424
+4%2024-02
$698,029
+5.7%2024-03
$1,060,054
+14.3%2024-04
$1,150,910
+10.2%2024-05
$541,808
+13.6%2024-06
$761,947
+17.5%Property Type Price Analysis
House
Median Price
$1,052,110
Growth Rate
+10.7%Available Listings
287 properties
Apartment
Median Price
$488,725
Growth Rate
+9.8%Available Listings
735 properties
Townhouse
Median Price
$475,221
Growth Rate
+11.5%Available Listings
135 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