Suburb Profile Report for Surf Beach VIC (3922)

Surf Beach House: Median price $397,900, Annual capital growth 5.03%, Number of sales 27, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Investment property in Surf Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.04%

Taking the average capital gain, or increase in median house value, Surf Beach,3922 has racked up an average of 13.04% over the period. This ranks it number 2085th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Surf Beach should be aiming for at least -6.04% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

HOUSE UNIT
$397,900 N/A
6.53% N/A
13.04% N/A
5.03% N/A
$250 N/A
27 N/A
3.27% N/A
111.8 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 696
Median household income ($/weekly) 996
Median age of persons 41
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 98 14.1
    25-34 years 92 13.2
    35-44 years 117 16.8
    45-54 years 95 13.7
    55-64 years 101 14.5
    Others 192 27.6
    Age Group
    Census Count Percent(%)
    Registered Married 229 48.5
    Not Married 159 33.7
    Defacto Relationship 84 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 536 82.2
    Papua New Guinea 13 2.0
    United Kingdom 47 7.2
    United States of America 10 1.5
    Other 10 1.5
    Others 36 5.5
    Country of Birth
    Census Count Percent(%)
    Christianity 328 53.9
    No Religion 264 43.3
    Buddhism 14 2.3
    Australian Aboriginal Traditional Religions 3 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 27 10.9
    $600-$799 31 12.5
    $800-$999 31 12.5
    $1,000-$1,249 28 11.3
    $1,500-$1,999 34 13.7
    Others 97 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 175 34.9
    Employed, worked full-time 171 34.1
    Employed, worked part-time 136 27.1
    Unemployed, looking for work 11 2.2
    Employed, away from work 9 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 47 14.6
    Professionals 68 21.1
    Technicians & trades workers 64 19.8
    Community & personal service workers 36 11.1
    Labourers 37 11.5
    Others 71 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 24 16.4
    Infants/Primary 60 41.1
    Secondary 33 22.6
    Technical or Further Educational Institution 11 7.5
    University or other Tertiary Institutions 15 10.3
    Others 3 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 622 99.2
    Semi-detached, row or terrace house, townhouse 5 0.8
    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(%)
    Being purchased 104 38.8
    Fully owned 96 35.8
    Rented 68 25.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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