VIC/
Surf beach

Suburb Profile

Surf Beach - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3922

house

SURF BEACH, 3922 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 SURF BEACH, 3922 values up and netting property investors a capital gain of 5.87% for the past year.

Investors saw the median home price rise to $425,000.

Profits due to an upward trend in home prices in the suburb averaged 7.26% per annum over a 3-year period.

SURF BEACH now ranks at the 561st 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 SURF 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 SURF BEACH, homes and units usually stay on listing for an average of 51.8 days.

In 2016, 25 properties were sold in SURF BEACH during the past year, making it the 379th most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 N/A
GROWTH REPORT
Median Quarterly -1.16% N/A
Median 12 month 5.87% N/A
Median 3 years 21.78% N/A
Median 5 years 23.19% N/A
10 years average annual 5.96% N/A
Weekly media advert. rent N/A N/A
Time on Market 51.8 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
386
Weekly Household Income
637.5
Household Size
2.20
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Surf Beach, VIC
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