Suburb Profile Report for Venus Bay VIC (3956)

Venus Bay House: Median price $257,000, Annual capital growth 2.64%, Number of sales 85, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Venus Bay, 3956 have given investors a capital gain of 7.08%. This compares averagely with the 8.12% for VIC as a whole.

Venus Bay,3956 has offered an average of 7.08% return per annum in house price rises to property investors over the last three years.

The most recent median price for Venus Bay is $257000, with sellers offering an average of -6.34% off the asking price.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 2.64%, investors should hope to achieve an overall return of 5.46%

Metrics i HOUSE UNIT
$257,000 N/A
-0.39% N/A
7.08% N/A
2.64% N/A
$270 N/A
85 N/A
5.46% N/A
172.27 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 589
Median household income ($/weekly) 544
Median age of persons 54
Median housing loan repayment ($/monthly) 1203
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 51 8.7
    35-44 years 60 10.2
    45-54 years 82 13.9
    55-64 years 114 19.4
    65-74 years 108 18.4
    Others 173 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 187 44.7
    Not Married 187 44.7
    Defacto Relationship 44 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 427 78.6
    Greece 11 2.0
    Papua New Guinea 11 2.0
    United Kingdom 57 10.5
    Other 17 3.1
    Others 20 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 300 59.5
    No Religion 201 39.9
    Other Religious Groups 3 0.6
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 19 7.6
    $300-$399 49 19.6
    $400-$599 59 23.6
    $600-$799 40 16.0
    $800-$999 25 10.0
    Others 58 23.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 281 59.5
    Employed, worked full-time 89 18.9
    Employed, worked part-time 69 14.6
    Unemployed, looking for work 17 3.6
    Employed, away from work 16 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 32 18.0
    Professionals 31 17.4
    Technicians & trades workers 41 23.0
    Community & personal service workers 21 11.8
    Labourers 23 12.9
    Others 30 16.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 27 36.0
    Secondary 24 32.0
    Pre-school 12 16.0
    Technical or Further Educational Institution 9 12.0
    University or other Tertiary Institutions 3 4.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 496 100.0
    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 137 51.3
    Being purchased 66 24.7
    Rented 64 24.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals