Suburb Profile Report for Surf Beach VIC (3922)

Surf Beach House: Median price $610,000, Annual capital growth 7.85%, Number of sales 31, Weekly median advertised rent $420

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

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

  • House Report

If you compare the increase in value of investment property in Surf Beach, 3922 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.11%.

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

Surf Beach3922 is located in VIC which offers an average discount of -4.08% to property investors. Surf Beach itself is showing figures that indicate -5.45% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$610,000 N/A
0.41% N/A
23.11% N/A
7.85% N/A
$420 N/A
31 N/A
3.58% N/A
83.9565217391304 N/A

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

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 696
Median household income ($/weekly) 996
Median age of persons 41
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 98 14.1
    25-34 years 92 13.2
    35-44 years 117 16.8
    45-54 years 95 13.7
    55-64 years 101 14.5
    Others 192 27.6
    Age Group
    Census Count Percent(%)
    Registered Married 229 48.5
    Not Married 159 33.7
    Defacto Relationship 84 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 536 82.2
    Papua New Guinea 13 2.0
    United Kingdom 47 7.2
    United States of America 10 1.5
    Other 10 1.5
    Others 36 5.5
    Country of Birth
    Census Count Percent(%)
    Christianity 328 53.9
    No Religion 264 43.3
    Buddhism 14 2.3
    Australian Aboriginal Traditional Religions 3 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 27 10.9
    $600-$799 31 12.5
    $800-$999 31 12.5
    $1,000-$1,249 28 11.3
    $1,500-$1,999 34 13.7
    Others 97 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 175 34.9
    Employed, worked full-time 171 34.1
    Employed, worked part-time 136 27.1
    Unemployed, looking for work 11 2.2
    Employed, away from work 9 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 47 14.6
    Professionals 68 21.1
    Technicians & trades workers 64 19.8
    Community & personal service workers 36 11.1
    Labourers 37 11.5
    Others 71 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 24 16.4
    Infants/Primary 60 41.1
    Secondary 33 22.6
    Technical or Further Educational Institution 11 7.5
    University or other Tertiary Institutions 15 10.3
    Others 3 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 622 99.2
    Semi-detached, row or terrace house, townhouse 5 0.8
    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(%)
    Being purchased 104 38.8
    Fully owned 96 35.8
    Rented 68 25.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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