Suburb Profile Report for Surf Beach VIC (3922)

Surf Beach House: Median price $535,000, Annual capital growth 6.92%, Number of sales 16, Weekly median advertised rent $360

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

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

  • House Report

Over the last year, property investments in Surf Beach, 3922 have given investors a capital gain of 19.82%. This compares very favourably with the -1.79% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Surf Beach,3922 has racked up an average of 19.82% over the period. This ranks it number 201th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Surf Beach is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 359th in terms of most discounted suburbs in VIC

Residents and property investors in Surf Beach have been waiting around 107.143 days to sell a property.

Surf Beach, 3922’s gross rental yield is 3.50%

Metrics i HOUSE UNIT
$535,000 N/A
1.90% N/A
19.82% N/A
6.92% N/A
$360 N/A
16 N/A
3.50% N/A
107.142857142857 N/A

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

DSR Score for property investment : Balanced (H), Balanced (U)
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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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