Suburb Profile Report for Mount Beauty VIC (3699)

Mount Beauty House: Median price $191,500, Annual capital growth 1.66%, Number of sales 24, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

At number 2701th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Beauty, 3699 is in the BOTTOM 40% with a property value increase of 1.06% recorded in median house prices.

Across a shorter period, Mount Beauty, 3699 has seen a median price increase of 6.39% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mount Beauty is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 103th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.66%, investors should hope to achieve an overall return of 7.33%

HOUSE UNIT
$191,500 N/A
6.39% N/A
1.06% N/A
1.66% N/A
$270 N/A
24 N/A
7.33% N/A
138.1 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 818
Median household income ($/weekly) 687
Median age of persons 45
Median housing loan repayment ($/monthly) 867
Average household size 2
  • Census Count Percent(%)
    35-44 years 104 12.7
    45-54 years 99 12.1
    55-64 years 121 14.8
    65-74 years 88 10.7
    75-84 years 83 10.1
    Others 324 39.6
    Age Group
    Census Count Percent(%)
    Not Married 273 47.6
    Registered Married 235 41.0
    Defacto Relationship 65 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 643 82.4
    Greece 18 2.3
    Papua New Guinea 13 1.7
    United Kingdom 47 6.0
    Other 18 2.3
    Others 41 5.3
    Country of Birth
    Census Count Percent(%)
    Christianity 403 54.8
    No Religion 305 41.5
    Buddhism 19 2.6
    Other Religious Groups 5 0.7
    Islam 3 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 39 12.1
    $400-$599 51 15.8
    $600-$799 57 17.6
    $800-$999 40 12.4
    $1,000-$1,249 31 9.6
    Others 105 32.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 315 48.5
    Employed, worked full-time 151 23.3
    Employed, worked part-time 133 20.5
    Employed, away from work 28 4.3
    Unemployed, looking for work 22 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 46 14.8
    Technicians & trades workers 52 16.8
    Community & personal service workers 45 14.5
    Sales 37 11.9
    Labourers 54 17.4
    Others 76 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 15 10.4
    Infants/Primary 41 28.5
    Secondary 57 39.6
    Technical or Further Educational Institution 11 7.6
    University or other Tertiary Institutions 12 8.3
    Others 8 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 701 98.0
    Flat, unit or apartment 8 1.1
    House or flat attached to a shop, office 6 0.8
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 144 41.7
    Rented 102 29.6
    Being purchased 94 27.2
    Other tenure type 5 1.4
    Tenure Type
Census 2011, ABS
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