Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $750,250, Annual capital growth 6.01%, Number of sales 89, Weekly median advertised rent $450

Bonbeach Unit: Median price $515,000, Annual capital growth 8.34%, Number of sales 74, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Bonbeach, 3196 ranked 399th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bonbeach is one of 2098 in our list for VIC

Across a shorter period, Bonbeach, 3196 has seen a median price increase of 0.70% over the last quarter.

Property buyers and investors in Bonbeach 3196 should be seeing an average reduction in asking price of around -4.88% . This means that Bonbeach is holding prices well when compared to other suburbs in VIC.

In the last year 89 properties changed hands in Bonbeach, which puts it as the 291th most active market in VIC when comparing the number of sales per suburb.

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 18.25%

Comparing Bonbeach,3196 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Bonbeach is giving property investors an average Vendor Discount of around -3.20%. This puts suburb at number 278th in VIC when ranking the most discounted suburbs.

In the last year 74 properties changed hands in Bonbeach, which puts it as the 115th most active market in VIC when comparing the number of sales per suburb.

HOUSE UNIT
$750,250 $515,000
0.70% 0.98%
7.18% 18.25%
6.01% 8.34%
$450 $350
89 74
3.12% 3.53%
46.93 52.11

Source: CoreLogic

DSR Score for property investment : 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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