Suburb Profile Report for Beaumaris VIC (3193)

Beaumaris House: Median price $1,660,000, Annual capital growth 6.28%, Number of sales 167, Weekly median advertised rent $850

Beaumaris Unit: Median price $900,000, Annual capital growth 4.66%, Number of sales 48, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 10.47% which means that Beaumaris, 3193 has done well for property investors by showing a capital gain of 10.67% over the last year

Beaumaris,3193 has offered an average of 10.67% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Beaumaris should be aiming for at least -4.70% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Beaumaris the average time real estate has been on the market is 45.53 days.

With the median price for a house in Beaumaris being $1660000 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.66%

Beaumaris, 3193 ranked 283th in VIC when comparing growth in median property values or capital gain over the last 12 months. Beaumaris is one of 2098 in our list for VIC

A 24.14% growth in median value for property investors in Beaumaris,3193 puts this suburb at number 183th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Beaumaris should be aiming for at least -8.01% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Beaumaris, 3193 is in the Bayside local government area.

Information supplied by:


September 2017

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Beaumaris 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.Full summary

High prices don’t stop growth

Postcode: 3193

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.

Close
Metrics i HOUSE UNIT
$1,660,000 $900,000
2.79% 1.69%
10.67% 1.12%
6.28% 4.66%
$850 $500
167 48
2.66% 2.89%
45.53 68.55

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Beaumaris VIC
Demographics
Total population 12828
Median household income ($/weekly) 1907
Median age of persons 44
Median housing loan repayment ($/monthly) 2383
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1843 14.4
    35-44 years 1794 14.0
    45-54 years 2111 16.5
    55-64 years 1741 13.6
    65-74 years 1124 8.8
    Others 4215 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 5795 60.1
    Not Married 3350 34.7
    Defacto Relationship 496 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9668 77.4
    Papua New Guinea 237 1.9
    South Africa 149 1.2
    United Kingdom 1107 8.9
    Other 350 2.8
    Others 985 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 122 1.0
    Christianity 8146 68.1
    Islam 40 0.3
    Judaism 90 0.8
    No Religion 3504 29.3
    Others 61 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 425 10.5
    $2,000-$2,499 318 7.8
    $2,500-$2,999 658 16.2
    $3,000-$3,499 368 9.1
    $4,000 or more 396 9.7
    Others 1899 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3697 36.8
    Not in the labour force 3497 34.8
    Employed, worked part-time 2315 23.0
    Employed, away from work 341 3.4
    Unemployed, looking for work 202 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1341 21.1
    Professionals 1891 29.8
    Technicians & trades workers 531 8.4
    Clerical & administrative workers 909 14.3
    Sales 770 12.1
    Others 913 14.4
    Occupation
    Census Count Percent(%)
    Pre-school 254 7.4
    Infants/Primary 1281 37.2
    Secondary 987 28.7
    Technical or Further Educational Institution 198 5.8
    University or other Tertiary Institutions 638 18.5
    Others 83 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10772 87.7
    Semi-detached, row or terrace house, townhouse 1226 10.0
    Flat, unit or apartment 245 2.0
    House or flat attached to a shop, office 43 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2157 48.3
    Being purchased 1700 38.1
    Rented 588 13.2
    Other tenure type 19 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals