Riverwood Drive

Junction Village VIC 3977

The size of Junction Village is approximately 1.4 square kilometres. It has 5 parks covering nearly 5.3% of total area. The population of Junction Village in 2011 was 1,158 people. By 2016 the population was 1,025 showing a population decline of 11.5% in the area during that time. The predominant age group in Junction Village is 80-89 years. Households in Junction Village are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Junction Village work in a trades occupation. In 2011, 83.2% of the homes in Junction Village were owner-occupied compared with 85.2% in 2016.

Junction Village has 1,282 properties. Over the last 5 years, Houses in Junction Village have seen a 35.64% increase in median value, while Units have seen a 29.24% increase. As at 31 August 2024:

• The median value for Houses in Junction Village is $814,313 while the median value for Units is $449,329.
• Houses have a median rent of $580.