Beaumaris is an average performer in VIC when comparing median price capital growth over the last year. Beaumaris gave property investors a average capital gain figure when compared to the rest of the state, with 1.27%.
If we look at median property appreciation over just the last three months, Beaumaris has given property investors a paper return of 4.75%. This puts Suburb as 111 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -6.97% to buyers in Beaumaris at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $820 and the average annual increase in value of a median property of 5.35%, investors should hope to achieve an overall return of 2.67%
Giving property investors a a solid capital gain of 12.41% for the last year, Beaumaris, 3193 is the 201th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Beaumaris comes in at number 318th in VIC.
The most recent median price for Beaumaris is $955500, with sellers offering an average of -5.55% off the asking price.
On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.10%, without taking into account capital value appreciation, which has been averaging out at 3.91%.
Information supplied by:
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.