Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $810,000, Annual capital growth 6.76%, Number of sales 65, Weekly median advertised rent $510

Bonbeach Unit: Median price $500,000, Annual capital growth 5.26%, Number of sales 82, Weekly median advertised rent $415

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

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

  • House Report
  • Unit Report

Property value increases in Bonbeach have tracked lower than the VIC average of -1.69% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Bonbeach comes in at number 511th in VIC.

Sellers are offering property buyers an average discount of -6.47% to buyers in Bonbeach at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $26520 per annum or $510 every week.

Bonbeach is in the bottom 10% in VIC when comparing median price capital growth over the last year. Bonbeach gave property investors a dismal capital gain figure when compared to the rest of the state, with -19.03%.

Bonbeach,3196 has offered an average of -19.03% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Bonbeach itself are offering an average vendor discount of -7.97% to real estate investors.

At number 318 in a list of fastest selling suburbs, Bonbeach is in the TOP 30% of suburbs in Australia with an average of days on market 63.6567 for properties listed there.

Using the current median advertised rental of $415 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 4.32%

Metrics i HOUSE UNIT
$810,000 $500,000
-4.42% -4.81%
-11.48% -19.03%
6.76% 5.26%
$510 $415
65 82
3.27% 4.32%
65.4545454545455 63.6567164179105

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

DSR Score for property investment : Good (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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