Suburb Profile Report for Smiths Beach VIC (3922)

Smiths Beach House: Median price $455,100, Annual capital growth 6.38%, Number of sales 19, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

Investment property in Smiths Beach has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.27%

While Smiths Beach,3922 ranked number 302th in VIC for increase in median house value (annualised) increase, it is ranked 614th over the last 5 years.

Vendor discounting in Smiths Beach is giving property investors an average Vendor Discount of around -6.24%. This puts suburb at number 241th in VIC when ranking the most discounted suburbs.

Smiths Beach, 3922’s gross rental yield is 3.66%

HOUSE UNIT
$455,100 N/A
1.70% N/A
2.27% N/A
6.38% N/A
$320 N/A
19 N/A
3.66% N/A
81.04 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 225
Median household income ($/weekly) 820
Median age of persons 39
Median housing loan repayment ($/monthly) 1192
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 26 11.5
    25-34 years 23 10.1
    45-54 years 36 15.9
    55-64 years 41 18.1
    65-74 years 26 11.5
    Others 75 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 75 48.4
    Not Married 62 40.0
    Defacto Relationship 18 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 182 86.7
    Greece 3 1.4
    Italy 3 1.4
    Sri Lanka 6 2.9
    United Kingdom 10 4.8
    Others 6 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 123 61.8
    No Religion 66 33.2
    Other Religious Groups 4 2.0
    Buddhism 3 1.5
    Judaism 3 1.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 6 8.8
    $300-$399 6 8.8
    $400-$599 13 19.1
    $600-$799 11 16.2
    $1,500-$1,999 11 16.2
    Others 21 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 69 37.3
    Employed, worked full-time 55 29.7
    Employed, worked part-time 50 27.0
    Employed, away from work 6 3.2
    Unemployed, looking for work 5 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 16 14.8
    Technicians & trades workers 25 23.1
    Community & personal service workers 17 15.7
    Sales 11 10.2
    Labourers 12 11.1
    Others 27 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 3 5.5
    Infants/Primary 13 23.6
    Secondary 18 32.7
    Technical or Further Educational Institution 9 16.4
    University or other Tertiary Institutions 9 16.4
    Others 3 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 200 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 38 47.5
    Being purchased 24 30.0
    Rented 18 22.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals