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Paradise Beach
AREA REPORTS

Paradise Beach

Paradise Beach - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3851

house

PARADISE BEACH, 3851 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 PARADISE BEACH, 3851 values up and netting property investors a capital gain of 38.55% for the past year.

Investors saw the median home price rise to $345,000.

Profits due to an upward trend in home prices in the suburb averaged 24.89% per annum over a 3-year period.

PARADISE BEACH now ranks at the 251st 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 PARADISE BEACH are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PARADISE BEACH, homes and units usually stay on listing for an average of 40.3 days.

In 2016, 21 properties were sold in PARADISE BEACH during the past year, making it the 483rd most active market in VIC based on total real estate transactions.

Data report can be found below

Paradise Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $345,000 N/A
GROWTH REPORT
Median Quarterly 5.34% N/A
Median 12 month 38.55% N/A
Median 3 years 74.68% N/A
Median 5 years 91.67% N/A
10 years average annual 6.84% N/A
Weekly media advert. rent N/A N/A
Time on Market 40.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
n.a.
Weekly Household Income
n.a.
Household Size
n.a.
Age
n.a.
Monthly Loan Repayment
n.a.
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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Age group
Top 10 Birth Countries
Dwelling Structures
Education
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Labour Force
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Religious Affiliation
Tenure Type

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