Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $750,000, Annual capital growth 6.34%, Number of sales 85, Weekly median advertised rent $450

Bonbeach Unit: Median price $510,000, Annual capital growth 7.94%, Number of sales 76, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Bonbeach is an average performer in VIC when comparing median price capital growth over the last year. Bonbeach gave property investors a average capital gain figure when compared to the rest of the state, with 9.01%.

While Bonbeach,3196 ranked number 456th in VIC for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.

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 Bonbeach, 3196. Typically our figures indicate that -5.04% is being offered, which puts this VIC suburb at 2524th most discounted overall in Australia.

On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.

Bonbeach is 390th on a list of best yielding suburbs for rents in VIC with a 3.12% return

Property investors who have had real estate in Bonbeach, 3196 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.93%

If we look at median property appreciation over just the last three months, Bonbeach has given property investors a paper return of -0.97%. This puts Suburb as 250 on a list of fastest fasting appreciating suburbs in VIC

At number 280th of VIC’s most discounted properties, Bonbeach is in the TOP 20% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Bonbeach being $510000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.57%

HOUSE UNIT
$750,000 $510,000
0.67% -0.97%
9.01% 14.93%
6.34% 7.94%
$450 $350
85 76
3.12% 3.57%
45.85 49.46

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 5733
Median household income ($/weekly) 1142
Median age of persons 40
Median housing loan repayment ($/monthly) 1816
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 482 8.4
    25-34 years 905 15.8
    35-44 years 936 16.3
    45-54 years 762 13.3
    55-64 years 703 12.3
    Others 1945 33.9
    Age Group
    Census Count Percent(%)
    Not Married 1894 44.4
    Registered Married 1862 43.6
    Defacto Relationship 513 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4060 76.3
    Croatia 73 1.4
    Papua New Guinea 110 2.1
    United Kingdom 404 7.6
    Other 205 3.9
    Others 469 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.2
    Christianity 3293 65.6
    Islam 26 0.5
    Other Religious Groups 34 0.7
    No Religion 1576 31.4
    Others 34 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 240 10.9
    $800-$999 207 9.4
    $1,000-$1,249 218 9.9
    $1,500-$1,999 285 12.9
    $2,000-$2,499 209 9.5
    Others 1047 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1925 42.8
    Not in the labour force 1480 32.9
    Employed, worked part-time 784 17.4
    Employed, away from work 169 3.8
    Unemployed, looking for work 142 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 350 12.2
    Professionals 610 21.2
    Technicians & trades workers 470 16.3
    Community & personal service workers 276 9.6
    Clerical & administrative workers 502 17.4
    Others 670 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 98 9.8
    Infants/Primary 334 33.4
    Secondary 234 23.4
    Technical or Further Educational Institution 130 13.0
    University or other Tertiary Institutions 165 16.5
    Others 39 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2840 54.9
    Semi-detached, row or terrace house, townhouse 1699 32.8
    Flat, unit or apartment 492 9.5
    Caravan, cabin, houseboat 140 2.7
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 885 37.6
    Fully owned 737 31.3
    Rented 724 30.8
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals