Coronet Bay

POSTAL CODE: VIC, 3984

HOUSE

Property investors enjoyed capital gains of 5.88% over the last 12 months in CORONET BAY, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.24% growth over a ten-year period. It ranks 362nd on our list of suburbs that property investors should look into.

CORONET BAY, 3984 has a capital gain of 5.88% for the past year, which is lower than average compared to its 36.19% growth within a five-year period.

With the median home price in CORONET BAY sitting at $540,000, and the average rent at $457.5, property owners could potentially earn a 4.41% increase in gross rental yield.

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

CORONET BAY, 3984 in VIC belongs to the local government area of Bass Coast.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$540,000	N/A
Growth Report
Median Quarterly	8%	N/A
Median 12 month	5.88%	N/A
Median 3 years	-14.96%	N/A
Median 5 years	36.19%	N/A
10 years average annual	9.24%	N/A
Weekly media advert. rent	$458	N/A
Time on Market	91.4 days	N/A
Gross Rental Yield Percent	4.41%	N/A

Demographics (Median Values)*

Total Population 5209

Weekly Household Income 943

Household Size 2.20

Average Age 49

Monthly Loan Repayment 1300

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

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