Smiths Beach

POSTAL CODE: VIC, 3922

HOUSE

Property investors have seen a 3.32% gain in SMITHS BEACH based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SMITHS BEACH, 3922 saw average growth in the long term.

The VIC suburb 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 $933,500

Profits averaged -1.67% per annum over a 3-year period, due to an downward trend in home prices in SMITHS BEACH, 3922.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in SMITHS BEACH, 3922 is N/A.

An average of 1.33 real estate transactions take place per month in SMITHS BEACH which translates to 16 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$933,500	N/A
Growth Report
Median Quarterly	3.32%	N/A
Median 12 month	7.3%	N/A
Median 3 years	-5.71%	N/A
Median 5 years	33.93%	N/A
10 years average annual	7.76%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	120.9 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 7738

Weekly Household Income 903

Household Size 2.20

Average Age 51

Monthly Loan Repayment 1400

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

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