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Venus Bay
AREA REPORTS

Venus Bay

Venus Bay - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3956

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Homeowners and real estate investors betting on VENUS BAY, 3956 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 35.57%.

A steady increase in median property prices over a five-year period in the suburb translates to a 55.57% capital gain.

Property investors in VENUS BAY enjoyed capital gains of 35.57% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $474,500.

Profits due to an upward trend in home prices there averaged 18.52% per annum over a 3-year period.

Home owners selling their properties and realtors in VENUS BAY usually have to wait an average of 48.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in VENUS BAY.

VENUS BAY, 3956 places 87th in Australia based on median property value growth during the quarter.

Data report can be found below

Venus Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $474,500 N/A
GROWTH REPORT
Median Quarterly 10.35% N/A
Median 12 month 35.57% N/A
Median 3 years 55.57% N/A
Median 5 years 85.71% N/A
10 years average annual 7% N/A
Weekly media advert. rent N/A N/A
Time on Market 48.5 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
2821
Weekly Household Income
881
Household Size
2.20
Age
51
Monthly Loan Repayment
1127
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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