With a capital gain of -11.70% for the last 12 months, Beaumaris, 3193 has performed for property investments than its average annual 5.54% property growth over the last 5 years.
Beaumaris,3193 has offered an average of -11.70% return per annum in house price rises to property investors over the last three years.
Beaumaris, 3193 is offering VIC ‘s 127th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Beaumaris the average time real estate has been on the market is 77.2099 days.
Advertised rents are around the $850 mark per week – giving a return of 2.93% based on the median price in Suburb
Investment property in Beaumaris has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.67%
Beaumaris,3193 has offered an average of -3.67% return per annum in house price rises to property investors over the last three years.
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 Beaumaris, 3193. Typically our figures indicate that -5.07% is being offered, which puts this VIC suburb at 829th most discounted overall in Australia.
Residents and property investors in Beaumaris have been waiting around 61.0417 days to sell a property.
With the median price for a house in Beaumaris being $852500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.96%
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High prices don’t stop growth
Median house price: $1,478,000
Three-year growth: 28.5%
Rental yield: 2.8%
Right on the coast of Port Phillip is the suburb of Beaumaris, which sits between Black Rock and Mentone.
This suburb is one of Melbourne’s most affluent, with the median house price exceeding $1.45m. Nonetheless, values continue to rise as they have done over the past five years, suggesting that there is definitely a steady flow of demand.
Beaumaris’s location near the water draws many visitors. Table Rock is known internationally for its fossils, and Rickett’s Point is a popular beach. The suburb is also part of the City of Bayside Coastal Art Trail, and boasts a strong commercial centre. Families have their choice of several schools as well.
Getting in and out of the suburb is easy, given that Beaumaris is connected to several major roads, such as Balcombe Road and Beach Road. It is also served by several bus routes.