Suburb Profile Report for Smiths Beach VIC (3922)

Smiths Beach House: Median price $619,000, Annual capital growth 8.04%, Number of sales 19, Weekly median advertised rent $340

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

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

  • House Report

VIC has seen average median house prices change by 2.87% which means that Smiths Beach, 3922 has done well for property investors by showing a capital gain of -4.77% over the last year

Over the longer term, Smiths Beach has seen property prices show investors a 36.01% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -7.64% to buyers in Smiths Beach at the moment, which is less than average for the rest of VIC.

At number 3416 in a list of fastest selling suburbs, Smiths Beach is in the bottom 10% of suburbs in Australia with an average of days on market 127.2 for properties listed there.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 2.86%, without taking into account capital value appreciation, which has been averaging out at 8.04%.

Metrics i HOUSE UNIT
$619,000 N/A
-7.06% N/A
-4.77% N/A
8.04% N/A
$340 N/A
19 N/A
2.86% N/A
127.2 N/A

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 225
Median household income ($/weekly) 820
Median age of persons 39
Median housing loan repayment ($/monthly) 1192
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 26 11.5
    25-34 years 23 10.1
    45-54 years 36 15.9
    55-64 years 41 18.1
    65-74 years 26 11.5
    Others 75 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 75 48.4
    Not Married 62 40.0
    Defacto Relationship 18 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 182 86.7
    Greece 3 1.4
    Italy 3 1.4
    Sri Lanka 6 2.9
    United Kingdom 10 4.8
    Others 6 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 123 61.8
    No Religion 66 33.2
    Other Religious Groups 4 2.0
    Buddhism 3 1.5
    Judaism 3 1.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 6 8.8
    $300-$399 6 8.8
    $400-$599 13 19.1
    $600-$799 11 16.2
    $1,500-$1,999 11 16.2
    Others 21 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 69 37.3
    Employed, worked full-time 55 29.7
    Employed, worked part-time 50 27.0
    Employed, away from work 6 3.2
    Unemployed, looking for work 5 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 16 14.8
    Technicians & trades workers 25 23.1
    Community & personal service workers 17 15.7
    Sales 11 10.2
    Labourers 12 11.1
    Others 27 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 3 5.5
    Infants/Primary 13 23.6
    Secondary 18 32.7
    Technical or Further Educational Institution 9 16.4
    University or other Tertiary Institutions 9 16.4
    Others 3 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 200 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 38 47.5
    Being purchased 24 30.0
    Rented 18 22.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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