Suburb Profile Report for Smiths Beach VIC (3922)

Smiths Beach House: Median price $640,000, Annual capital growth 6.64%, Number of sales 21, Weekly median advertised rent $400

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Smiths Beach, 3922 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.90%

Comparing Smiths Beach,3922 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.38% offered to property buyers. Sellers in Smiths Beach itself are offering an average vendor discount of -4.10% to real estate investors.

With the median price for a house in Smiths Beach being $640000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.25%

Metrics i HOUSE UNIT
$640,000 N/A
-7.91% N/A
-8.90% N/A
6.64% N/A
$400 N/A
21 N/A
3.25% N/A
104.357142857143 N/A

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Smiths Beach VIC
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
Chart Table