Suburb Profile Report for Bentleigh VIC (3204)

Bentleigh House: Median price $1,345,000, Annual capital growth 10.27%, Number of sales 175, Weekly median advertised rent $550

Bentleigh Unit: Median price $581,250, Annual capital growth 4.91%, Number of sales 135, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Bentleigh, 3204 should be relatively 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 10.70%

When looking at the potential capital gains offered to property investors over the last 3 years, Bentleigh comes in at number 46th in VIC.

Vendor discounting in Bentleigh is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 427th in VIC when ranking the most discounted suburbs.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

Investment property in Bentleigh has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.97%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bentleigh has increased when compared to the 5 year average annual rate.

Bentleigh3204 is located in VIC which offers an average discount of -5.14% to property investors. Bentleigh itself is showing figures that indicate -6.99% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $415 weekly from the median priced house in this suburb.

Michael Yardney Information supplied by:

Michael Yardney
Metropole Property Strategists

M 9591 8888
O 0419 800 900

W http://www.metropole.com.au/
E myardney@metropole.com.au
Named after the infamous Victorian politician, Thomas Bent, Bentleigh is a popular Melbourne suburb 13 kms from the Melbourne CBD.

IT is a family-friendly suburb packed with a range of compatible amenities including local schools, parks and recreational facilities, dining and shopping options and easily accessible public transport. Residents enjoy larger blocks than their inner-city neighbours with an eclectic mix of housing styles dating back to the 1930s Bentleigh has been voted Melbourne’s most liveable suburb on a number of occasions.

At number 2115th in the list of Australian suburbs ordered by increase in median house value over the last year, Bentleigh, 3204 is in the BOTTOM 50% with a property value increase of 0.61% recorded in median house prices.

The five-year average increase in median property values for Bentleigh,3204 has given property investors a potential capital gain of 12.12% across each of those five 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 Bentleigh, 3204.

Typically our figures indicate that -6.09% is being offered, which puts this VIC suburb at 3144th most discounted overall in Australia.

The VIC suburb of Bentleigh, 3204 is in the Glen Eira local government area.Full summary
Named after the infamous Victorian politician, Thomas Bent, Bentleigh is a popular Melbourne suburb 13 kms from the Melbourne CBD.
 
IT is a family-friendly suburb packed with a range of compatible amenities including local schools, parks and recreational facilities, dining and shopping options and easily accessible public transport. Residents enjoy larger blocks than their inner-city neighbours with an eclectic mix of housing styles dating back to the 1930s Bentleigh has been voted Melbourne’s most liveable suburb on a number of occasions.
 
At number 2115th in the list of Australian suburbs ordered by increase in median house value over the last year, Bentleigh, 3204 is in the BOTTOM 50% with a property value increase of 0.61% recorded in median house prices.
 
The five-year average increase in median property values for Bentleigh,3204 has given property investors a potential capital gain of 12.12% across each of those five 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 Bentleigh, 3204. 
 
Typically our figures indicate that -6.09% is being offered, which puts this VIC suburb at 3144th most discounted overall in Australia.
 
The VIC suburb of Bentleigh, 3204 is in the Glen Eira local government area.
 
Selling points: 
Bordering neighbouring suburbs McKinnon, Brighton East and Hampton East, Bentleigh offers home seekers a number of different options older traditional homes, more modern solid brick homes on good size allotments or more recent contemporary house/town house.  Proximity to blue chip neighbouring suburbs, Bentleigh has experienced steady capital growth over the years.  
 
There are a number of excellent public primary schools in the suburb and some parts of Bentleigh fall into the coveted Mc.Kinnon High School zone
 
Most sought after properties: Contemporary homes and modern townhouses
 
Most common properties: Brick post war homes and contemporary/modern house/townhouses..
 
Top amenities: parklands, sporting clubs & facilities with cricket nets, tennis courts, football ovals and local bowl clubs, a multicultural variety of local deli’s in Centre Rd, one of the best strip shopping centres in Melbourne.
 
Local industry and business: Predominately retail outlets, health care and other service providers, 
 
Recent changes: The suburb is going through gentrification, with many older homes being demolished to make way for modern family homes and in particular two storey townhouses 
 
Public transport: Bentleigh has 2 train stations providing easy access to C.B.D. and is serviced by 2 bus lines.
 
Main arteries: Nepean Hwy, Jasper Road, Centre Road, South Road and Tucker Road

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HOUSE UNIT
$1,345,000 $581,250
-0.37% 5.68%
10.70% 1.97%
10.27% 4.91%
$550 $415
175 135
2.13% 3.71%
77.32 75.69

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Bentleigh VIC
Demographics
Total population 14919
Median household income ($/weekly) 1518
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1951 13.1
    25-34 years 1681 11.3
    35-44 years 2499 16.8
    45-54 years 2243 15.0
    55-64 years 1626 10.9
    Others 4919 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 5780 51.3
    Not Married 4721 41.9
    Defacto Relationship 769 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9732 67.3
    Croatia 517 3.6
    Indonesia 419 2.9
    United Kingdom 638 4.4
    Other 1050 7.3
    Others 2102 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 301 2.2
    Christianity 8361 60.2
    Hinduism 277 2.0
    Judaism 1012 7.3
    No Religion 3733 26.9
    Others 200 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 446 9.0
    $800-$999 372 7.5
    $1,500-$1,999 597 12.1
    $2,000-$2,499 453 9.2
    $2,500-$2,999 567 11.5
    Others 2499 50.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4594 39.4
    Not in the labour force 3816 32.7
    Employed, worked part-time 2468 21.2
    Employed, away from work 432 3.7
    Unemployed, looking for work 345 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1130 15.1
    Professionals 2310 30.8
    Technicians & trades workers 808 10.8
    Clerical & administrative workers 1183 15.8
    Sales 730 9.7
    Others 1336 17.8
    Occupation
    Census Count Percent(%)
    Pre-school 279 7.2
    Infants/Primary 1294 33.6
    Secondary 1054 27.4
    Technical or Further Educational Institution 295 7.7
    University or other Tertiary Institutions 817 21.2
    Others 110 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11155 78.0
    Semi-detached, row or terrace house, townhouse 1924 13.5
    Flat, unit or apartment 1152 8.1
    House or flat attached to a shop, office 68 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2071 38.4
    Being purchased 1918 35.6
    Rented 1376 25.5
    Other tenure type 24 0.4
    Tenure Type
Census 2011, ABS
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