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Bonbeach

POSTAL CODE: VIC, 3196
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Property investors enjoyed capital gains of 16% over the last 12 months in BONBEACH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in BONBEACH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 6% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $722.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $722.5 mark, reflecting a 3.15% increase in returns based on the current median price in BONBEACH.

BONBEACH, 3196 ranks 43rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 410th on the list of best yielding suburbs for rental properties in VIC, posting a 3.15% return.

Surburb overview

Bonbeach is a bayside suburb in the City of Kingston, located about 31 kilometres south-east of Melbourne’s CBD along the eastern shoreline of Port Phillip Bay. The 2021 Census recorded a population of 6,855 residents, reflecting a modest coastal community with a mix of established households and newer development.

Available Census data indicates a median weekly household income of around $1,875 and an average household size of about 2.8 people, aligning broadly with other nearby suburbs in Kingston’s southern corridor.

Public transport access is centred on Bonbeach Station on the Frankston line, which provides regular services to central Melbourne and Frankston, supporting commuter travel along the bayside rail corridor. Local bus services supplement rail connections across surrounding suburbs, linking Bonbeach with Chelsea, Patterson Lakes and inland areas of Greater Melbourne.

Retail and daily services are relatively limited within Bonbeach itself, with a small strip of shops near the station and Nepean Highway. At the same time, larger shopping, education and healthcare facilities are typically accessed in neighbouring centres such as Chelsea, Carrum and regional hubs within Kingston.

Recreation is a defining feature of the suburb, with Bonbeach Beach forming part of a continuous stretch of sandy coastline that includes Chelsea, Edithvale and Aspendale beaches, offering open foreshore areas for walking, swimming and passive recreation. The foreshore includes access to a lifesaving club, shared walking paths and connections to wider coastal trails, supporting both local use and regional movement along the bay.

Additional open space and sporting facilities, including reserves and ovals in the broader area, contribute to the suburb’s everyday recreational use and community activity across Kingston’s coastal strip.

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