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Beaufort

Suburb Profile

Beaufort - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3373

house

BEAUFORT, 3373 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling BEAUFORT, 3373 values up and netting property investors a capital gain of 14.13% for the past year.

Investors saw the median home price rise to $315,000.

Profits due to an upward trend in home prices in the suburb averaged 14.39% per annum over a 3-year period.

BEAUFORT now ranks at the 118th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $292.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BEAUFORT, homes and units usually stay on listing for an average of 57.5 days.

In 2016, 24 properties were sold in BEAUFORT during the past year, making it the 427th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $315,000 N/A
GROWTH REPORT
Median Quarterly 5.88% N/A
Median 12 month 14.13% N/A
Median 3 years 43.18% N/A
Median 5 years 45.16% N/A
10 years average annual 7.08% N/A
Weekly media advert. rent $292.5 N/A
Time on Market 57.5 days N/A
Gross Rental Yield Percent 4.83% N/A
demographics (median values)
Total Population
1457
Weekly Household Income
609.1
Household Size
2.20
demographics
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