Suburb Profile Report for Bonbeach VIC (3196)

Bonbeach House: Median price $885,000, Annual capital growth 6.79%, Number of sales 65, Weekly median advertised rent $470

Bonbeach Unit: Median price $600,000, Annual capital growth 8.02%, Number of sales 87, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Bonbeach, 3196 ranked 478th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bonbeach is one of 2098 in our list for VIC

The five-year average increase in median property values for Bonbeach,3196 has given property investors a potential capital gain of 59.46% across each of those five years.

Sellers are offering property buyers an average discount of -6.70% to buyers in Bonbeach at the moment, which is less than average for the rest of VIC.

Investment property in Bonbeach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.99%

Taking the average capital gain, or increase in median house value, Bonbeach,3196 has racked up an average of 12.99% over the period. This ranks it number 184th 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 -4.70. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in VIC

With the median price for a house in Bonbeach being $600000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.21%

Metrics i HOUSE UNIT
$885,000 $600,000
1.73% 4.35%
6.69% 12.99%
6.79% 8.02%
$470 $370
65 87
2.76% 3.21%
54.71 38.6

Source: CoreLogic

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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