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.
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
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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.Close