St Andrews Beach

POSTAL CODE: VIC, 3941

HOUSE

ST ANDREWS BEACH, 3941 ranks 430th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.72% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,565,000.

The upward trend in home prices in ST ANDREWS BEACH, 3941 averaged 0.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 2.49% increase in returns based on the current median price in ST ANDREWS BEACH.

An average of 2.42 real estate transactions take place per month in ST ANDREWS BEACH which translates to 29 per annum.

29 properties were sold in ST ANDREWS BEACH in 2016, making it the 362nd most active market in VIC based on total real estate transactions.

ST ANDREWS BEACH, 3941 places 6th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,565,000	N/A
Growth Report
Median Quarterly	15.5%	N/A
Median 12 month	23.72%	N/A
Median 3 years	1.29%	N/A
Median 5 years	14.23%	N/A
10 years average annual	11.97%	N/A
Weekly media advert. rent	$750	N/A
Time on Market	90.8 days	N/A
Gross Rental Yield Percent	2.49%	N/A

Demographics (Median Values)*

Total Population 12172

Weekly Household Income 1067

Household Size 2.30

Average Age 46

Monthly Loan Repayment 1560

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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