Suburb Profile Report for Beaumaris VIC (3193)

Beaumaris House: Median price $1,520,000, Annual capital growth 6.78%, Number of sales 184, Weekly median advertised rent $765

Beaumaris Unit: Median price $890,000, Annual capital growth 4.45%, Number of sales 53, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Beaumaris, 3193 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.57%.

While Beaumaris,3193 ranked number 305th in VIC for increase in median house value (annualised) increase, it is ranked 197th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Beaumaris itself are offering an average vendor discount of -6.20% to real estate investors.

In the last year 184 properties changed hands in Beaumaris, which puts it as the 137th most active market in VIC when comparing the number of sales per suburb.

Beaumaris, 3193’s gross rental yield is 2.62%

Property value increases in Beaumaris have tracked lower than the VIC average of 4.90% over the last 12 months.

Beaumaris,3193 was ranked 1409 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Beaumaris, 3193. Typically our figures indicate that -1.37% is being offered, which puts this VIC suburb at 1461th most discounted overall in Australia.

Renters in Suburb are facing rents around $6720 per annum or $560 every week.

Craig Cox Information supplied by:

Craig Cox
Hodges Real Estate

M 0432 44 66 22
O

W www.hodgesrealestate.com.au
E ccox@hodges.com.au
Located bay side, 20km south-east from Melbourne's CBD, Beaumaris has a great community village feel with a beachside lifestyle. With excellent primary schools, it is also within zone and in close proximity to the highly respected Mentone Girls Secondary College and numerous prestige private secondary schools. The area is affluent with many families, together with a large population of elderly, still in their own homes.

Large, older homes on good sized blocks are popular for investors and owner-occupiers and can be picked up for as low as $700,000. The suburb is a true character buy, and also features weatherboard homes that hark back to the 1940s and '50s.
Beaumaris is also known for its quality schools, regular and boutique shopping, vibrant cafe lifestyle and beautiful tree-lined streets.Full summary

Selling points: Located bay side, 20km south-east from Melbourne's CBD, Beaumaris has a great community village feel with a beachside lifestyle.  With excellent primary schools, it is also within zone and in close proximity to the highly respected Mentone Girls Secondary College and numerous prestige private secondary schools. The area is affluent with many families, together with a large population of elderly, still in their own homes.

Most sought after properties: A large number of older homes on good-sized blocks selling for land value ($700-$950,000), which are popular for new homes or multi-site development purposes. Also, new townhouses and smaller homes targeted to elderly downsizers.

Most common properties: Large contemporary double-storey homes, together with ‘40s and ‘50s older style weatherboards.

Top amenities: High quality public schools; Mentone Girls Secondary College, prestige private school precinct; the Concourse shopping village and Seaview shopping strip; a number of up market boutiques; highly prized tree lined streets; plenty of parks and ovals and a vibrant café scene, combined with a very special, laid back community spirit.

Local industry and business: Most residents are commuters to the city.

Recent changes: Many large new homes are popping up, replacing the ‘50s bungalows

Best streets: Between Balcombe Rd and Beach Rd is prime real estate, with prices increasing towards the beach.  The other side of Balcombe Rd, close to Sea View shopping strip, is also popular. 

Public transport: There are a number of bus routes and Beaumaris is just a few minutes from Cheltenham or Mentone train stations and only 10 minutes to Sandringham train station, which is the last stop on the line and renowned for its safety.

Main arteries: Beaumaris has the benefit of being tucked away from major thoroughfares, providing a truly village feel, while being just five minutes from the Nepean Highway, en route to the CBD. Alternatively, the scenic Beach Rd will take you all the way to Mornington Peninsula in the south, or Port Melbourne, towards the CBD.

Close
Metrics i HOUSE UNIT
$1,520,000 $890,000
2.95% -2.73%
8.57% -11.00%
6.78% 4.45%
$765 $560
184 53
2.62% 3.27%
63.66 91.4

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 12828
Median household income ($/weekly) 1907
Median age of persons 44
Median housing loan repayment ($/monthly) 2383
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1843 14.4
    35-44 years 1794 14.0
    45-54 years 2111 16.5
    55-64 years 1741 13.6
    65-74 years 1124 8.8
    Others 4215 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 5795 60.1
    Not Married 3350 34.7
    Defacto Relationship 496 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9668 77.4
    Papua New Guinea 237 1.9
    South Africa 149 1.2
    United Kingdom 1107 8.9
    Other 350 2.8
    Others 985 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 122 1.0
    Christianity 8146 68.1
    Islam 40 0.3
    Judaism 90 0.8
    No Religion 3504 29.3
    Others 61 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 425 10.5
    $2,000-$2,499 318 7.8
    $2,500-$2,999 658 16.2
    $3,000-$3,499 368 9.1
    $4,000 or more 396 9.7
    Others 1899 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3697 36.8
    Not in the labour force 3497 34.8
    Employed, worked part-time 2315 23.0
    Employed, away from work 341 3.4
    Unemployed, looking for work 202 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1341 21.1
    Professionals 1891 29.8
    Technicians & trades workers 531 8.4
    Clerical & administrative workers 909 14.3
    Sales 770 12.1
    Others 913 14.4
    Occupation
    Census Count Percent(%)
    Pre-school 254 7.4
    Infants/Primary 1281 37.2
    Secondary 987 28.7
    Technical or Further Educational Institution 198 5.8
    University or other Tertiary Institutions 638 18.5
    Others 83 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10772 87.7
    Semi-detached, row or terrace house, townhouse 1226 10.0
    Flat, unit or apartment 245 2.0
    House or flat attached to a shop, office 43 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2157 48.3
    Being purchased 1700 38.1
    Rented 588 13.2
    Other tenure type 19 0.4
    Tenure Type
Census 2011, ABS
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