Suburb Profile Report for Brighton VIC (3186)

Brighton House: Median price $2,327,500, Annual capital growth 6.87%, Number of sales 324, Weekly median advertised rent $1,050

Brighton Unit: Median price $925,000, Annual capital growth 5.39%, Number of sales 263, Weekly median advertised rent $538

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 809th in the list of Australian suburbs ordered by increase in median house value over the last year, Brighton, 3186 is in the top 20% with a property value increase of 11.90% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Brighton,3186 has racked up an average of 11.90% over the period. This ranks it number 920th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Brighton is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 136th in terms of most discounted suburbs in VIC

In the last year 324 properties changed hands in Brighton, which puts it as the 50th most active market in VIC when comparing the number of sales per suburb.

Giving property investors a a solid capital gain of 23.75% for the last year, Brighton, 3186 is the 68th highest performer in Australia in this respect.

A 20.92% growth in median value for property investors in Brighton,3186 puts this suburb at number 165th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Brighton is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 85th in terms of most discounted suburbs in VIC

At number 842 in a list of fastest selling suburbs, Brighton is just in the bottom half of suburbs in Australia with an average of days on market 81.89 for properties listed there.

Brighton, 3186’s gross rental yield is 3.02%

Sam Paynter Information supplied by:

Sam Paynter
Hodges

M 03 9596 1111
O 0413 531 888

W www.hodges.com.au
E spaynter@hodges.com.au
With a capital gain of -6.94% for the last 12 months, Brighton, 3186 has performed for property investments than its average annual 7.60% property growth over the last 5 years.

While Brighton,3186 ranked number 530th in VIC for increase in median house value (annualised) increase, it is ranked 590th over the last 5 years.

Our latest figures would indicate that property sellers in Brighton are currently offering property investors an average price cut of -11.65% below the asking price at the moment.
On average over the past year, suburb has had 22.83 sales per month, which equates to 274 per year.

Using the current median advertised rental of $1000 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 3.10%Full summary
With a capital gain of -6.94% for the last 12 months, Brighton, 3186 has performed for property investments than its average annual 7.60% property growth over the last 5 years.
 
While Brighton,3186 ranked number 530th in VIC for increase in median house value (annualised) increase, it is ranked 590th over the last 5 years.
 
Our latest figures would indicate that property sellers in Brighton are currently offering property investors an average price cut of -11.65% below the asking price at the moment.
On average over the past year, suburb has had 22.83 sales per month, which equates to 274 per year.
 
Using the current median advertised rental of $1000 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 3.10%
 
Selling points:  Brighton is considered one of Melbourne’s premier suburbs, right on the Bay, beautiful homes, attractive streetscapes and good amenties.  With easy access to the city, the relaxed Bayside lifestyle is highly sought after.
 
Most sought after properties:  A wide range, from $10 million plus beachfront mansions, to 2 bedroom villa units and apartments.
 
Most common properties:   Homes in the $1.5-$2.5 million range, and unit and apartments from $600,000 plus.
 
Top amenities:  Fantastic array of restaurants and shops, well regarded schools
 
Local industry and business: Primarily retail shopping and restaurants
 
Recent changes: With an aging population, recently a large range of apartments and units have been built, with more under construction.
 
Best streets:  Streets on the ‘Golden Mile’ with direct access to the beach, and also a variety of wide leafy streets such as Normanby, Sussex, Cosham.  Also, streets that are close to the shopping strips of Church and Bay Streets are also popular.
 
Public transport:  Train, bus
 
Main arteries:  Nepean Highway, Beach Road
Close
HOUSE UNIT
$2,327,500 $925,000
-0.32% 0.54%
11.90% 23.75%
6.87% 5.39%
$1,050 $538
324 263
2.35% 3.02%
64.29 81.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 21257
Median household income ($/weekly) 2200
Median age of persons 44
Median housing loan repayment ($/monthly) 3000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2654 12.5
    35-44 years 2795 13.1
    45-54 years 3378 15.9
    55-64 years 2944 13.9
    65-74 years 2059 9.7
    Others 7426 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 8437 55.0
    Not Married 5832 38.0
    Defacto Relationship 1080 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 14768 73.7
    Papua New Guinea 380 1.9
    United Kingdom 1463 7.3
    United States of America 279 1.4
    Other 920 4.6
    Others 2235 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 306 1.6
    Christianity 12630 65.8
    Hinduism 69 0.4
    Judaism 848 4.4
    No Religion 5228 27.2
    Others 115 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 587 8.8
    $2,000-$2,499 462 6.9
    $2,500-$2,999 1196 17.8
    $3,000-$3,499 607 9.1
    $4,000 or more 935 13.9
    Others 2917 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6247 37.9
    Employed, worked full-time 5847 35.5
    Employed, worked part-time 3461 21.0
    Employed, away from work 550 3.3
    Unemployed, looking for work 376 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 2300 23.3
    Professionals 3590 36.4
    Community & personal service workers 673 6.8
    Clerical & administrative workers 1245 12.6
    Sales 958 9.7
    Others 1090 11.1
    Occupation
    Census Count Percent(%)
    Pre-school 393 7.6
    Infants/Primary 1799 34.7
    Secondary 1484 28.6
    Technical or Further Educational Institution 218 4.2
    University or other Tertiary Institutions 1152 22.2
    Others 140 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13549 70.5
    Flat, unit or apartment 2932 15.2
    Semi-detached, row or terrace house, townhouse 2692 14.0
    House or flat attached to a shop, office 54 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3543 47.0
    Being purchased 2110 28.0
    Rented 1810 24.0
    Other tenure type 82 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals