Suburb Profile Report for Safety Beach VIC (3936)

Safety Beach House: Median price $785,000, Annual capital growth 6.76%, Number of sales 124, Weekly median advertised rent $503

Safety Beach Unit: Median price $665,000, Annual capital growth 21.24%, Number of sales 40, Weekly median advertised rent $470

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

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

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  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.69% which means that Safety Beach, 3936 has not done well for property investors by showing a capital gain of -7.65% over the last year

Comparing Safety Beach,3936 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Safety Beach 3936 should be seeing an average reduction in asking price of around -8.86% . This means that Safety Beach is holding prices well when compared to other suburbs in VIC.

The VIC suburb of Safety Beach, 3936 is in the Mornington Peninsula (S) local government area.

Safety Beach, 3936 ranked 158th in VIC when comparing growth in median property values or capital gain over the last 12 months. Safety Beach is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Safety Beach,3936 has racked up an average of -0.15% over the period. This ranks it number 1st in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Safety Beach, 3936. Typically our figures indicate that -7.81% is being offered, which puts this VIC suburb at 282th most discounted overall in Australia.

With the median price for a house in Safety Beach being $665000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.68%

YIP MAG Information supplied by:

YIP MAG
June 2015

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As Melbourne is less than 70km away, Safety Beach is a popular getaway spot that offers beautiful scenery and outdoor recreation opportunities for both residents and tourists

The coastal road known as Marina Dr separates housing and commercial areas from the beach and the foreshore. The beach, in fact, is known as one of the best on the Mornington Peninsula.

It’s also a popular space for families as it is safe, peaceful and quiet, plus there are education and shopping options available in neighbouring Dromana (an area also known for its wineries).

Safety Beach’s calm bay is also a drawcard for families. 

As prices for houses have fallen by 5% in the past three years and only increased by 1% in 12 months, Safety Beach offers investors the chance to buy before it experiences its next growth spurt.

Properties on Palm Tree Dr are popular due to their proximity to the beach. 
 
Metrics i HOUSE UNIT
$785,000 $665,000
-1.51% -2.92%
-7.65% -0.15%
6.76% 21.24%
$503 $470
124 40
3.33% 3.68%
82.3960396039604 75.4090909090909

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

DSR Score for property investment : Balanced (H), Good (U)
Find a mortgage broker in Safety Beach VIC
Demographics
Total population 3517
Median household income ($/weekly) 921
Median age of persons 49
Median housing loan repayment ($/monthly) 1760
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 400 11.4
    35-44 years 479 13.6
    45-54 years 419 11.9
    55-64 years 462 13.1
    65-74 years 575 16.3
    Others 1183 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 1427 57.4
    Not Married 845 34.0
    Defacto Relationship 215 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2422 75.6
    Hong Kong 55 1.7
    Japan 61 1.9
    United Kingdom 368 11.5
    Other 54 1.7
    Others 242 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 1.0
    Christianity 2223 72.8
    Hinduism 7 0.2
    Other Religious Groups 17 0.6
    No Religion 770 25.2
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 209 17.4
    $600-$799 156 13.0
    $800-$999 131 10.9
    $1,000-$1,249 124 10.4
    $1,500-$1,999 129 10.8
    Others 449 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1283 47.7
    Employed, worked full-time 761 28.3
    Employed, worked part-time 490 18.2
    Employed, away from work 89 3.3
    Unemployed, looking for work 64 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 181 13.5
    Professionals 208 15.6
    Technicians & trades workers 233 17.4
    Clerical & administrative workers 190 14.2
    Sales 182 13.6
    Others 343 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 8.2
    Infants/Primary 244 38.5
    Secondary 197 31.1
    Technical or Further Educational Institution 64 10.1
    University or other Tertiary Institutions 60 9.5
    Others 17 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2620 84.8
    Semi-detached, row or terrace house, townhouse 244 7.9
    Flat, unit or apartment 224 7.3
    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 564 43.0
    Rented 375 28.6
    Being purchased 370 28.2
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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