Bass Coast Shire, VIC
Bass Coast Shire is a local government area in the state of Victoria, Australia, situated in the state’s south-eastern region. Bass Coast LGA is one of the fastest growing regions in Victoria. With that, there has been an increase in people looking for jobs and potential buyers in the area.
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More people are buying houses and investment properties locally which has resulted in further economic growth in the region.
Rental markets are strong in the shire suburbs, with steady demand for accommodations. However, as prices increase and affordability becomes an issue, it may be difficult for many people to find rentals fitting their budget. This may result in ripple effect positioning the suburbs on the periphery of the LGA for further growth.
Technicians and trades workers account for 17.1 % of employment in Bass Coast, followed by professionals at 15.3 %, managers at 14.4 %, laborers at 12.4 %, and community and personal service workers at 12.3 %. In Bass Coast, the typical weekly personal income for residents aged 15 years and older is $507. With typical income near the state average, more affordable suburbs in the LGA are better suited for investors seeking long-term tenants.
In Bass Coast, 91.2 % of occupied private homes are detached houses, 5.4 % are semi-detached, row or terrace houses, townhouses, or other buildings, 1.5 % are flats or apartments, and 1.3 % are other dwellings. An average potential tenant in this LGA is more likely to be interested in a stand-alone home.
We are living in a world of rapid change. Just last year, the housing market in Bass Coast Shire changed drastically. What does the future hold for one of Victoria’s most attractive property markets? Find out more about the market trends for Bass Coast by exploring the data on our interactive dashboard below.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Bass Coast Shire, VIC
Bass Coast Shire is surrounded by 2 other council areas – Cardinia, South Gippsland.
Suburbs/localities in this Local Government Area: Grantville 3984, Harmers Haven 3995, Jam Jerrup 3984, Kernot 3979, Kilcunda 3995, Krowera 3945, Lance Creek 3995, Bass 3991, Newhaven 3925, North Wonthaggi 3995, Pioneer Bay 3984, Pound Creek 3996, Queensferry 3984, Rhyll 3923, Ryanston 3992, San Remo 3925, Silverleaves 3922, Smiths Beach 3922, South Dudley 3995, St Clair 3995, Summerlands 3922, Sunderland Bay 3922, Sunset Strip 3922, Surf Beach 3922, Tenby Point 3984, The Gurdies 3984, Ventnor 3922, Wattle Bank 3995, West Creek 3992, Wimbledon Heights 3922, Wonthaggi 3995, Woodleigh 3945, Woolamai 3995, Almurta 3979, Anderson 3995, Cape Paterson 3995, Cape Woolamai 3925, Churchill Island 3925, Archies Creek 3995, Corinella 3984, Coronet Bay 3984, Cowes 3922, Adams Estate 3984, Dalyston 3992, Glen Alvie 3979, Glen Forbes 3990
As more people are becoming interested in affordable real estate, the value of homes in Bass Coast Shire is rising. Here are my 5 reasons why the property prices are increasing in this LGA.
1. The development of the area has made many homes accessible for living.
2. Recreational facilities are being developed to make life more enjoyable for residents.
3. Coastal views are breathtaking and guarantee an increase in property values.
4. There is a healthy economy and decreased unemployment rates which create a great environment for building wealth.
5. The amenities such as shopping centres, daycare, schools and medical facilities make life easier for residents of this area.