Suburb Profile Report for Balnarring Beach VIC (3926)

Balnarring Beach House: Median price $877,500, Annual capital growth 0.75%, Number of sales 18, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 10.43% which means that Balnarring Beach, 3926 has done well for property investors by showing a capital gain of -4.36% over the last year

The five-year average increase in median property values for Balnarring Beach,3926 has given property investors a potential capital gain of 38.74% across each of those five years.

Sellers are offering property buyers an average discount of -4.99% to buyers in Balnarring Beach at the moment, which is less than average for the rest of VIC.

In the last year 18 properties changed hands in Balnarring Beach, which puts it as the 622th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Balnarring Beach, 3926 is in the Mornington Peninsula local government area.

Metrics i HOUSE UNIT
$877,500 N/A
-0.85% N/A
-4.36% N/A
0.75% N/A
N/A N/A
18 N/A
N/A N/A
55.63 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 354
Median household income ($/weekly) 1208
Median age of persons 61
Median housing loan repayment ($/monthly) 1975
Average household size 2
  • Census Count Percent(%)
    35-44 years 29 8.2
    45-54 years 47 13.3
    55-64 years 68 19.2
    65-74 years 85 24.0
    75-84 years 46 13.0
    Others 79 22.3
    Age Group
    Census Count Percent(%)
    Registered Married 136 59.4
    Not Married 80 34.9
    Defacto Relationship 13 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 264 85.4
    Papua New Guinea 9 2.9
    United Kingdom 17 5.5
    United States of America 6 1.9
    Other 4 1.3
    Others 9 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 170 57.0
    No Religion 121 40.6
    Judaism 4 1.3
    Buddhism 3 1.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 20 16.3
    $800-$999 15 12.2
    $1,500-$1,999 18 14.6
    $2,000-$2,499 12 9.8
    $2,500-$2,999 12 9.8
    Others 46 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 149 53.2
    Employed, worked full-time 56 20.0
    Employed, worked part-time 56 20.0
    Employed, away from work 10 3.6
    Unemployed, looking for work 9 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 19 16.1
    Professionals 24 20.3
    Technicians & trades workers 24 20.3
    Community & personal service workers 9 7.6
    Clerical & administrative workers 19 16.1
    Others 23 19.5
    Occupation
    Census Count Percent(%)
    Secondary 15 34.9
    Infants/Primary 13 30.2
    Pre-school 6 14.0
    University or other Tertiary Institutions 6 14.0
    Other type of educational institution 3 7.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 267 100.0
    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 84 65.1
    Rented 24 18.6
    Being purchased 21 16.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals