Beaconsfield

POSTAL CODE: VIC, 3807

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 0.78% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $975,000

The augmented property values in the suburb are trailing behind the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.

Home owners selling their properties and realtors in BEACONSFIELD usually have to wait an average of 56 days days before their assets are lifted off the market.

The VIC suburb ranks 379th on the list of best yielding suburbs for rental properties in VIC, posting a 3.2% return.

It also places places 560th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that BEACONSFIELD, 3807 obtained a 5.78% growth over a ten-year period. It ranks 763rd on our list of suburbs that property investors should look into.

BEACONSFIELD, 3807 has a capital gain of -1.91% for the past year, which is lower than average compared to its 20.57% growth within a five-year period.

With the median home price in BEACONSFIELD sitting at $578,750, and the average rent at $500, property owners could potentially earn a 4.49% increase in gross rental yield.

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

BEACONSFIELD, 3807 in VIC belongs to the local government area of Cardinia.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$975,000	$578,750
Growth Report
Median Quarterly	-0.76%	-0.22%
Median 12 month	-3.56%	-1.91%
Median 3 years	0.78%	0%
Median 5 years	25%	20.57%
10 years average annual	5.98%	5.78%
Weekly media advert. rent	$600	$500
Time on Market	56 days	N/A
Gross Rental Yield Percent	3.2%	4.49%

Demographics (Median Values)*

Total Population 7097

Weekly Household Income 1928

Household Size 3.10

Average Age 39

Monthly Loan Repayment 1983

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

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