Suburb Profile Report for Balnarring Beach VIC (3926)

Balnarring Beach House: Median price $1,060,000, Annual capital growth 3.69%, Number of sales 14, Weekly median advertised rent N/A

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

Property investors who have had real estate in Balnarring Beach, 3926 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.80%

Over the longer term, Balnarring Beach has seen property prices show investors a 23.62% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Balnarring Beach is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 12th in terms of most discounted suburbs in VIC

At number 3125 in a list of fastest selling suburbs, Balnarring Beach is in the bottom 20% of suburbs in Australia with an average of days on market 110.78 for properties listed there.

Metrics i HOUSE UNIT
$1,060,000 N/A
3.92% N/A
20.80% N/A
3.69% N/A
N/A N/A
14 N/A
N/A N/A
110.78 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 354
Median household income ($/weekly) 1208
Median age of persons 61
Median housing loan repayment ($/monthly) 1975
Average household size 2
  • Census Count Percent(%)
    35-44 years 29 8.2
    45-54 years 47 13.3
    55-64 years 68 19.2
    65-74 years 85 24.0
    75-84 years 46 13.0
    Others 79 22.3
    Age Group
    Census Count Percent(%)
    Registered Married 136 59.4
    Not Married 80 34.9
    Defacto Relationship 13 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 264 85.4
    Papua New Guinea 9 2.9
    United Kingdom 17 5.5
    United States of America 6 1.9
    Other 4 1.3
    Others 9 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 170 57.0
    No Religion 121 40.6
    Judaism 4 1.3
    Buddhism 3 1.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 20 16.3
    $800-$999 15 12.2
    $1,500-$1,999 18 14.6
    $2,000-$2,499 12 9.8
    $2,500-$2,999 12 9.8
    Others 46 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 149 53.2
    Employed, worked full-time 56 20.0
    Employed, worked part-time 56 20.0
    Employed, away from work 10 3.6
    Unemployed, looking for work 9 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 19 16.1
    Professionals 24 20.3
    Technicians & trades workers 24 20.3
    Community & personal service workers 9 7.6
    Clerical & administrative workers 19 16.1
    Others 23 19.5
    Occupation
    Census Count Percent(%)
    Secondary 15 34.9
    Infants/Primary 13 30.2
    Pre-school 6 14.0
    University or other Tertiary Institutions 6 14.0
    Other type of educational institution 3 7.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 267 100.0
    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 84 65.1
    Rented 24 18.6
    Being purchased 21 16.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals