Suburb Profile Report for Safety Beach VIC (3936)

Safety Beach House: Median price $721,750, Annual capital growth 6.13%, Number of sales 145, Weekly median advertised rent $480

Safety Beach Unit: Median price $610,000, Annual capital growth 6.82%, Number of sales 47, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Safety Beach is an average performer in VIC when comparing median price capital growth over the last year. Safety Beach gave property investors a good capital gain figure when compared to the rest of the state, with 15.48%.

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.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Safety Beach, 3936. Typically our figures indicate that -5.32% is being offered, which puts this VIC suburb at 2008th most discounted overall in Australia.

On average over the past year, suburb has had 12.08 sales per month, which equates to 145 per year.

Situated 55.50km from the CBD, Safety Beach is one of Mornington Peninsula localities in the postcode 3936.

Property investors who have had real estate in Safety Beach, 3936 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 33.33%

When looking at the potential capital gains offered to property investors over the last 3 years, Safety Beach comes in at number 13th in VIC.

LACK OF BUYER INTEREST may well be the reason that Safety Beach is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $4794 per annum or $399.5 every week.

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
Metrics i HOUSE UNIT
$721,750 $610,000
1.65% 19.02%
15.48% 33.33%
6.13% 6.82%
$480 $400
145 47
3.46% 3.41%
57.67 79.9

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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