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Budgewoi Suburb Insights
VICLocation Information
Suburb Name
Budgewoi, VIC
Distance from CBD
8 kmDemographics
Population
3,360
Median Income
$29,120
Area Information
Area
2.81 km²
Population Density
1196 people/km²
Property Market
Median Price
$796,823
Annual Growth
+18.4%Property Price Trend Analysis
Current Median Price
$796,823
Annual Growth
+18.4%
Quarterly Growth
+4%
Price Trends - Last 6 Months
2024-01
$373,536
+10.8%2024-02
$470,224
+9%2024-03
$961,668
+13%2024-04
$590,334
+9.3%2024-05
$901,473
+14.7%2024-06
$780,035
+13.5%Property Type Price Analysis
House
Median Price
$934,564
Growth Rate
+5.2%Available Listings
316 properties
Apartment
Median Price
$456,407
Growth Rate
+11.6%Available Listings
468 properties
Townhouse
Median Price
$898,179
Growth Rate
+8.8%Available Listings
234 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