Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $832,500, Annual capital growth 6.26%, Number of sales 68, Weekly median advertised rent $500

Bonbeach Unit: Median price $536,500, Annual capital growth 5.42%, Number of sales 89, Weekly median advertised rent $400

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Bonbeach, 3196 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.20%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bonbeach has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Bonbeach should be aiming for at least -8.12% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1400 in a list of fastest selling suburbs, Bonbeach is in the TOP 40% of suburbs in Australia with an average of days on market 71.6522 for properties listed there.

Bonbeach, 3196’s gross rental yield is 3.12%

Bonbeach has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -10.58% to date .

Over the longer term, Bonbeach has seen property prices show investors a 0.05% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Bonbeach are currently offering property investors an average price cut of -8.19% below the asking price at the moment.

Advertised rents are around the $400 mark per week – giving a return of 3.88% based on the median price in Suburb

Metrics i HOUSE UNIT
$832,500 $536,500
0.79% 3.82%
-6.20% -10.58%
6.26% 5.42%
$500 $400
68 89
3.12% 3.88%
71.6521739130435 73.1449275362319

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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