Suburb Profile Report for Safety Beach VIC (3936)

Safety Beach House: Median price $625,000, Annual capital growth 5.49%, Number of sales 162, Weekly median advertised rent $390

Safety Beach Unit: Median price $481,500, Annual capital growth 6.18%, Number of sales 50, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Safety Beach has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.12% to date .

Safety Beach,3936 was ranked 854 in Australia by increase in median property value over the quarter.

Safety Beach3936 is located in VIC which offers an average discount of -6.04% to property investors. Safety Beach itself is showing figures that indicate -4.49% is the average achievable by property buyers investing in the suburb.

In the last year 162 properties changed hands in Safety Beach, which puts it as the 153th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Safety Beach is in the TOP 10% in VIC when comparing median price capital growth over the last year. Safety Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 25.06%.

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

Our latest figures would indicate that property sellers in Safety Beach are currently offering property investors an average price cut of -3.31% below the asking price at the moment.

At number 550 in a list of fastest selling suburbs, Safety Beach is in the TOP 40% of suburbs in Australia with an average of days on market 66.2 for properties listed there.

Using the current median advertised rental of $365 and the average annual increase in value of a median property of 6.18%, investors should hope to achieve an overall return of 3.94%

YIP MAG Information supplied by:

YIP MAG
June 2015

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As Melbourne is less than 70km away, Safety Beach is a popular getaway spot that offers beautiful scenery and outdoor recreation opportunities for both residents and touristsFull summary As Melbourne is less than 70km away, Safety Beach is a popular getaway spot that offers beautiful scenery and outdoor recreation opportunities for both residents and tourists

The coastal road known as Marina Dr separates housing and commercial areas from the beach and the foreshore. The beach, in fact, is known as one of the best on the Mornington Peninsula.

It’s also a popular space for families as it is safe, peaceful and quiet, plus there are education and shopping options available in neighbouring Dromana (an area also known for its wineries).

Safety Beach’s calm bay is also a drawcard for families. 

As prices for houses have fallen by 5% in the past three years and only increased by 1% in 12 months, Safety Beach offers investors the chance to buy before it experiences its next growth spurt.

Properties on Palm Tree Dr are popular due to their proximity to the beach. 
 Close
HOUSE UNIT
$625,000 $481,500
3.14% 2.12%
13.12% 25.06%
5.49% 6.18%
$390 $365
162 50
3.24% 3.94%
77.42 66.2

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Safety Beach VIC
Demographics
Total population 3517
Median household income ($/weekly) 921
Median age of persons 49
Median housing loan repayment ($/monthly) 1760
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 400 11.4
    35-44 years 479 13.6
    45-54 years 419 11.9
    55-64 years 462 13.1
    65-74 years 575 16.3
    Others 1183 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 1427 57.4
    Not Married 845 34.0
    Defacto Relationship 215 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2422 75.6
    Hong Kong 55 1.7
    Japan 61 1.9
    United Kingdom 368 11.5
    Other 54 1.7
    Others 242 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 1.0
    Christianity 2223 72.8
    Hinduism 7 0.2
    Other Religious Groups 17 0.6
    No Religion 770 25.2
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 209 17.4
    $600-$799 156 13.0
    $800-$999 131 10.9
    $1,000-$1,249 124 10.4
    $1,500-$1,999 129 10.8
    Others 449 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1283 47.7
    Employed, worked full-time 761 28.3
    Employed, worked part-time 490 18.2
    Employed, away from work 89 3.3
    Unemployed, looking for work 64 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 181 13.5
    Professionals 208 15.6
    Technicians & trades workers 233 17.4
    Clerical & administrative workers 190 14.2
    Sales 182 13.6
    Others 343 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 8.2
    Infants/Primary 244 38.5
    Secondary 197 31.1
    Technical or Further Educational Institution 64 10.1
    University or other Tertiary Institutions 60 9.5
    Others 17 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2620 84.8
    Semi-detached, row or terrace house, townhouse 244 7.9
    Flat, unit or apartment 224 7.3
    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 564 43.0
    Rented 375 28.6
    Being purchased 370 28.2
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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