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Canada Bay Suburb Insights
VICLocation Information
Suburb Name
Canada Bay, VIC
Distance from CBD
14.2 kmDemographics
Population
1,238
Median Income
$42,588
Area Information
Area
0.32 km²
Population Density
3869 people/km²
Property Market
Median Price
$629,838
Annual Growth
+19.9%Property Price Trend Analysis
Current Median Price
$629,838
Annual Growth
+19.9%
Quarterly Growth
+2.2%
Price Trends - Last 6 Months
2024-01
$638,149
+9.6%2024-02
$578,661
+6.3%2024-03
$881,392
+12%2024-04
$1,144,632
+6%2024-05
$451,323
+14.9%2024-06
$765,213
+13.1%Property Type Price Analysis
House
Median Price
$933,162
Growth Rate
+12.4%Available Listings
424 properties
Apartment
Median Price
$679,492
Growth Rate
+7.6%Available Listings
203 properties
Townhouse
Median Price
$994,404
Growth Rate
+9.6%Available Listings
164 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