Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $875,000, Annual capital growth 7.87%, Number of sales 70, Weekly median advertised rent $490

Bonbeach Unit: Median price $530,000, Annual capital growth 6.76%, Number of sales 67, Weekly median advertised rent $420

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Bonbeach 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 2.33%

Over the longer term, Bonbeach has seen property prices show investors a 25.71% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.80% to buyers in Bonbeach at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $482.5 mark per week – giving a return of 2.85% based on the median price in Suburb

Investment property in Bonbeach 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 0.00%

Taking the average capital gain, or increase in median house value, Bonbeach,3196 has racked up an average of 0.00% over the period. This ranks it number 225th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Bonbeach is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in VIC

Property investors should expect to get $410 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$875,000 $530,000
-1.13% -10.88%
0.59% -11.67%
7.87% 6.76%
$490 $420
70 67
2.91% 4.12%
51.72 53.02128

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Bonbeach VIC
Demographics
Total population 5733
Median household income ($/weekly) 1142
Median age of persons 40
Median housing loan repayment ($/monthly) 1816
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 482 8.4
    25-34 years 905 15.8
    35-44 years 936 16.3
    45-54 years 762 13.3
    55-64 years 703 12.3
    Others 1945 33.9
    Age Group
    Census Count Percent(%)
    Not Married 1894 44.4
    Registered Married 1862 43.6
    Defacto Relationship 513 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4060 76.3
    Croatia 73 1.4
    Papua New Guinea 110 2.1
    United Kingdom 404 7.6
    Other 205 3.9
    Others 469 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.2
    Christianity 3293 65.6
    Islam 26 0.5
    Other Religious Groups 34 0.7
    No Religion 1576 31.4
    Others 34 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 240 10.9
    $800-$999 207 9.4
    $1,000-$1,249 218 9.9
    $1,500-$1,999 285 12.9
    $2,000-$2,499 209 9.5
    Others 1047 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1925 42.8
    Not in the labour force 1480 32.9
    Employed, worked part-time 784 17.4
    Employed, away from work 169 3.8
    Unemployed, looking for work 142 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 350 12.2
    Professionals 610 21.2
    Technicians & trades workers 470 16.3
    Community & personal service workers 276 9.6
    Clerical & administrative workers 502 17.4
    Others 670 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 98 9.8
    Infants/Primary 334 33.4
    Secondary 234 23.4
    Technical or Further Educational Institution 130 13.0
    University or other Tertiary Institutions 165 16.5
    Others 39 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2840 54.9
    Semi-detached, row or terrace house, townhouse 1699 32.8
    Flat, unit or apartment 492 9.5
    Caravan, cabin, houseboat 140 2.7
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 885 37.6
    Fully owned 737 31.3
    Rented 724 30.8
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
Chart Table