Suburb Profile Report for Venus Bay VIC (3956)

Venus Bay House: Median price $285,000, Annual capital growth 4.10%, Number of sales 89, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

At number 1905th in the list of Australian suburbs ordered by increase in median house value over the last year, Venus Bay, 3956 is in the top half with a property value increase of 7.57% recorded in median house prices.

A 15.66% growth in median value for property investors in Venus Bay,3956 puts this suburb at number 65th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Venus Bay are currently offering property investors an average price cut of -5.30% below the asking price at the moment.

On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.

With the median price for a house in Venus Bay being $277000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.69%

Metrics i HOUSE UNIT
$285,000 N/A
7.75% N/A
11.55% N/A
4.10% N/A
$250 N/A
89 N/A
4.56% N/A
118.15 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 589
Median household income ($/weekly) 544
Median age of persons 54
Median housing loan repayment ($/monthly) 1203
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 51 8.7
    35-44 years 60 10.2
    45-54 years 82 13.9
    55-64 years 114 19.4
    65-74 years 108 18.4
    Others 173 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 187 44.7
    Not Married 187 44.7
    Defacto Relationship 44 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 427 78.6
    Greece 11 2.0
    Papua New Guinea 11 2.0
    United Kingdom 57 10.5
    Other 17 3.1
    Others 20 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 300 59.5
    No Religion 201 39.9
    Other Religious Groups 3 0.6
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 19 7.6
    $300-$399 49 19.6
    $400-$599 59 23.6
    $600-$799 40 16.0
    $800-$999 25 10.0
    Others 58 23.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 281 59.5
    Employed, worked full-time 89 18.9
    Employed, worked part-time 69 14.6
    Unemployed, looking for work 17 3.6
    Employed, away from work 16 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 32 18.0
    Professionals 31 17.4
    Technicians & trades workers 41 23.0
    Community & personal service workers 21 11.8
    Labourers 23 12.9
    Others 30 16.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 27 36.0
    Secondary 24 32.0
    Pre-school 12 16.0
    Technical or Further Educational Institution 9 12.0
    University or other Tertiary Institutions 3 4.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 496 100.0
    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 137 51.3
    Being purchased 66 24.7
    Rented 64 24.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals