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Wyongah Suburb Insights
VICLocation Information
Suburb Name
Wyongah, VIC
Distance from CBD
14.2 kmDemographics
Population
2,020
Median Income
$32,448
Area Information
Area
1.07 km²
Population Density
1888 people/km²
Property Market
Median Price
$529,387
Annual Growth
+8.9%Property Price Trend Analysis
Current Median Price
$529,387
Annual Growth
+8.9%
Quarterly Growth
+3.3%
Price Trends - Last 6 Months
2024-01
$558,881
+10.1%2024-02
$526,664
+5.1%2024-03
$681,287
+13.5%2024-04
$686,916
+11.2%2024-05
$476,269
+7.4%2024-06
$811,505
+14.1%Property Type Price Analysis
House
Median Price
$1,738,449
Growth Rate
+7.2%Available Listings
119 properties
Apartment
Median Price
$516,398
Growth Rate
+7.9%Available Listings
412 properties
Townhouse
Median Price
$663,425
Growth Rate
+14.2%Available Listings
211 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