Suburb Profile Report for Beaumaris VIC (3193)

Beaumaris House: Median price $1,600,000, Annual capital growth 5.35%, Number of sales 169, Weekly median advertised rent $820

Beaumaris Unit: Median price $955,500, Annual capital growth 3.91%, Number of sales 57, Weekly median advertised rent $570

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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:


September 2017

M
O

W
E

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.

Metrics i HOUSE UNIT
$1,600,000 $955,500
4.75% 4.60%
1.27% 12.41%
5.35% 3.91%
$820 $570
169 57
2.67% 3.10%
81.974025974026 60.0666666666667

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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