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Bungarribee Suburb Insights
VICLocation Information
Suburb Name
Bungarribee, VIC
Distance from CBD
23.1 kmDemographics
Population
2,638
Median Income
$50,440
Area Information
Area
2.46 km²
Population Density
1072 people/km²
Property Market
Median Price
$469,696
Annual Growth
+7.9%Property Price Trend Analysis
Current Median Price
$469,696
Annual Growth
+7.9%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$814,202
+4.5%2024-02
$481,533
+7.2%2024-03
$783,464
+10.6%2024-04
$1,149,316
+11.3%2024-05
$990,418
+13%2024-06
$1,113,362
+14.3%Property Type Price Analysis
House
Median Price
$1,215,398
Growth Rate
+11.1%Available Listings
168 properties
Apartment
Median Price
$505,423
Growth Rate
+16.4%Available Listings
500 properties
Townhouse
Median Price
$898,400
Growth Rate
+15.9%Available Listings
340 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