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Willoughby Suburb Insights
VICLocation Information
Suburb Name
Willoughby, VIC
Distance from CBD
24 kmDemographics
Population
6,540
Median Income
$55,692
Area Information
Area
1.63 km²
Population Density
4012 people/km²
Property Market
Median Price
$891,546
Annual Growth
+6.2%Property Price Trend Analysis
Current Median Price
$891,546
Annual Growth
+6.2%
Quarterly Growth
+3.5%
Price Trends - Last 6 Months
2024-01
$569,326
+10.1%2024-02
$560,146
+4.3%2024-03
$1,070,086
+13.2%2024-04
$779,406
+12.9%2024-05
$984,729
+7.8%2024-06
$586,751
+8.6%Property Type Price Analysis
House
Median Price
$1,493,303
Growth Rate
+8.9%Available Listings
115 properties
Apartment
Median Price
$377,886
Growth Rate
+14.1%Available Listings
528 properties
Townhouse
Median Price
$835,485
Growth Rate
+16.1%Available Listings
229 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy