Suburb Profile Report for Beaumaris VIC (3193)

Beaumaris House: Median price $1,500,000, Annual capital growth 6.99%, Number of sales 184, Weekly median advertised rent $750

Beaumaris Unit: Median price $920,000, Annual capital growth 5.91%, Number of sales 58, Weekly median advertised rent $545

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Beaumaris, 3193 ranked 342th in VIC when comparing growth in median property values or capital gain over the last 12 months. Beaumaris is one of 2098 in our list for VIC

The five-year average increase in median property values for Beaumaris,3193 has given property investors a potential capital gain of 50.00% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Beaumaris is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 217th in terms of most discounted suburbs in VIC

The VIC suburb of Beaumaris, 3193 is in the Bayside local government area.

If you compare the increase in value of investment property in Beaumaris, 3193 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.15%.

Beaumaris,3193 has offered an average of -5.15% return per annum in house price rises to property investors over the last three years.

Beaumaris3193 is located in VIC which offers an average discount of -4.95% to property investors. Beaumaris itself is showing figures that indicate -1.81% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.

A $545 per week rent on the median house gives suburb investors a gross yield of circa 3.08%, without taking into account capital value appreciation, which has been averaging out at 5.91%.

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
$1,500,000 $920,000
2.74% -2.39%
9.89% -5.15%
6.99% 5.91%
$750 $545
184 58
2.60% 3.08%
65.81 74.13

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Beaumaris VIC
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
Chart Table
Recent sales & rentals