Suburb Profile Report for Brighton East VIC (3187)

Brighton East House: Median price $1,655,000, Annual capital growth 9.08%, Number of sales 237, Weekly median advertised rent $760

Brighton East Unit: Median price $916,250, Annual capital growth 7.67%, Number of sales 82, Weekly median advertised rent $475

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Brighton East has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.33% to date .

The five-year average increase in median property values for Brighton East,3187 has given property investors a potential capital gain of 46.46% across each of those five years.

Property buyers and investors in Brighton East 3187 should be seeing an average reduction in asking price of around -4.99% . This means that Brighton East is holding prices well when compared to other suburbs in VIC.

The VIC suburb of Brighton East, 3187 is in the Bayside local government area.

VIC has seen average median house prices change by 3.63% which means that Brighton East, 3187 has done well for property investors by showing a capital gain of 4.33% over the last year

Brighton East,3187 has offered an average of 4.33% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Brighton East are currently offering property investors an average price cut of -0.72% below the asking price at the moment.

On average over the past year, suburb has had 6.83 sales per month, which equates to 82 per year.

With the median price for a house in Brighton East being $916250 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 2.70%

Rowan Thompson Information supplied by:

Rowan Thompson
RT Edgar

M 03 9592-9299
O 0418354944

W http://rtedgar.com.au/
E rthompson@rtedgarbrighton.com.au
East Brighton is a suburb in Melbourne, Victoria, Australia, 11 km south-east of Melbourne’s central business district. Its local government area is the City of Bayside. At the 2006 Census Brighton East had a population of 15,167.

Brighton East lies further inland from the coast of Port Phillip Bay than Brighton, its affluent, neighbouring community to the west.

Magnificent parks, arts, culture, shopping, sporting recreation, walks and trails with an abundance of events on the local calendar makes Brighton East a desirable place to live.

With the adjoining suburb of Brighton situated on the beach residents of Brighton East can enjoy the Beaches with the unique Village Beach side feel of the suburb with its major shopping strips in Church and Bay Streets.Full summary
East Brighton is a suburb in Melbourne, Victoria, Australia, 11 km south-east of Melbourne’s central business district.  Its local government area is the City of Bayside. At the 2006 Census Brighton East  had a population of 15,167. Brighton East lies further inland from the coast of Port Phillip Bay than Brighton, its affluent, neighbouring community to the west. 
 
Magnificent parks, arts, culture, shopping, sporting recreation, walks and trails with an abundance of events on the local calendar makes Brighton East a desirable place to live.
 
With the adjoining suburb of Brighton situated on the beach residents of Brighton East can enjoy the  Beaches with the unique Village Beach side feel of the suburb with its major shopping strips in Church and Bay Streets.
 
Selling points: 
Brighton East is known for its spacious parklands, most noteably Dendy Park, one of Victoria’s 10 biggest parks and outdoor recreation areas also Hurlingham Park and Landcox Park and golf course are all located in Brighton East. The suburb adjoins the beach side suburb of Brighton with all its beach lifestyle amenities. 
 
Home owners, developers and investors buy in the area because of strong capital growth prospects and current residents remain to downsize to new development to remain in the area. 
 
Dendy Street Beach, located in the neighbouring suburb of Brighton features 82 colourful bathing boxes which are one of the tourist icons of Melbourne.  
 
Most sort after properties: 
Brighton East property is highly in demand particularly for 3-4 bedroom homes.
 
Most common properties:  
Well established brick double fronted homes.
 
Top amenities: 
Brighton East is known for its spacious parklands, most noteably Dendy Park, one of Victoria’s 10 biggest parks and outdoor recreation areas, Hurlingham Park and Landcox Park. 
 
Sporting facilities such as Dendy Park Tennis club and Brighton Public Golf Course
Brighton East offers a vast array of amenities – A range of excellent public and private schools and many sporting clubs and facilities.
 
Hampton, Church and Bay Street shopping strips with a range of boutique and brand name retailers, supermarkets and restaurants are closely located.
 
Beach Road is a popular cycling route, with Bay Trail off-road walking/cycling tracks also following the coastline.
 
Local industry and business:
Bayside in which Brighton East is located offers a number of competitive advantages to business including a central location in the surrounding region, proximity to Nepean Highway and arterial road network, good public transport and rail access, proximity to a broad range of recreational, leisure, sporting and entertainment opportunities, access to a skilled and educated workforce and excellent quality (clean and safe) living and working environments
 
Recent changes: 
Brighton East has become a popular place for developers to create small blocks of luxurious apartments – it allows retirees to downsize without leaving their familiar patch, and allows those outside the area to move to a place that has beautiful parks, beach walks, coffee, shopping, cinemas and restaurants all in one easy place. The Brighton area is seeing changes in developments supporting new business, services and retail opportunities. The local City of Bayside has improved existing infrastructure. 
 
Best streets: 
Streets located within easy walking distance to colleges such as Haileybury and St Leonards.
 
Public transport: 
Railway connection to Melbourne on the Sandringham Line.
Several major arterial roads run near and through Brighton like Nepean Highway
The Bay Trail off-road bicycle path passes through Hampton foreshore.
 
Main arteries: 
The main roads include, North Road, Thomas Street, South Road, Hampton Street and Nepean Highway gives immediate access to Melbourne CBD. 
Close
HOUSE UNIT
$1,655,000 $916,250
-0.90% -1.21%
10.33% 4.33%
9.08% 7.67%
$760 $475
237 82
2.39% 2.70%
53.65 52.95

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Brighton East VIC
Demographics
Total population 15813
Median household income ($/weekly) 1796
Median age of persons 43
Median housing loan repayment ($/monthly) 2492
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2201 13.9
    35-44 years 2254 14.3
    45-54 years 2464 15.6
    55-64 years 1912 12.1
    65-74 years 1293 8.2
    Others 5690 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 6254 54.6
    Not Married 4442 38.8
    Defacto Relationship 757 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 10918 72.0
    Papua New Guinea 249 1.6
    South Africa 307 2.0
    United Kingdom 927 6.1
    Other 979 6.5
    Others 1794 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 301 2.1
    Christianity 8664 60.5
    Hinduism 83 0.6
    Judaism 1578 11.0
    No Religion 3573 24.9
    Others 125 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 401 8.0
    $1,500-$1,999 494 9.9
    $2,500-$2,999 752 15.1
    $3,000-$3,499 471 9.4
    $4,000 or more 468 9.4
    Others 2404 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4421 36.5
    Employed, worked full-time 4357 35.9
    Employed, worked part-time 2595 21.4
    Employed, away from work 432 3.6
    Unemployed, looking for work 322 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1509 20.4
    Professionals 2538 34.4
    Community & personal service workers 574 7.8
    Clerical & administrative workers 972 13.2
    Sales 760 10.3
    Others 1031 14.0
    Occupation
    Census Count Percent(%)
    Pre-school 344 8.4
    Infants/Primary 1474 35.9
    Secondary 1152 28.1
    Technical or Further Educational Institution 203 5.0
    University or other Tertiary Institutions 830 20.2
    Others 98 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11200 76.5
    Semi-detached, row or terrace house, townhouse 2187 14.9
    Flat, unit or apartment 1196 8.2
    House or flat attached to a shop, office 48 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2431 44.1
    Being purchased 1857 33.7
    Rented 1108 20.1
    Other tenure type 120 2.2
    Tenure Type
Census 2011, ABS
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