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Woongarrah Suburb Insights
VICLocation Information
Suburb Name
Woongarrah, VIC
Distance from CBD
6.4 kmDemographics
Population
5,226
Median Income
$35,256
Area Information
Area
5.32 km²
Population Density
982 people/km²
Property Market
Median Price
$934,785
Annual Growth
+14.1%Property Price Trend Analysis
Current Median Price
$934,785
Annual Growth
+14.1%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$409,693
+3.3%2024-02
$820,072
+9.6%2024-03
$635,180
+11%2024-04
$887,786
+8.7%2024-05
$538,234
+11.9%2024-06
$816,253
+11.1%Property Type Price Analysis
House
Median Price
$1,512,979
Growth Rate
+11.7%Available Listings
215 properties
Apartment
Median Price
$469,612
Growth Rate
+6.7%Available Listings
663 properties
Townhouse
Median Price
$568,130
Growth Rate
+15.6%Available Listings
140 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