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Surf Beach, VIC 3922

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Surf Beach, VIC 3922 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Surf Beach, VIC 3922”

  1. The total adult population (15 years or older) of Surf Beach 3922 VIC is 554, with a median age of 46. Of those, 47.83% are married, 14.98% are divorced or separated, 33.03% are single and 4.15% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,608. The median monthly mortgage repayment for households in this suburb is $1,433 which is 21.69% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Surf Beach 3922, nestled in Victoria, boasts a close-knit community of approximately 746 households. In the third quarter of 2023, prices for houses are typically landing around $821,418, while the median weekly rent sits at $470. These figures work together to present an indicative yield of 2.98%, which falls slightly below the ideal 3% cashflow-centred property investors are always on the lookout for.

    Surf Beach’s socio-economic score, represented by the IRSAD, is 1007 out of a possible 1217 which indicates the area enjoys a relatively strong socio-economic status. The renter to owner ratio is just 16%. This low ratio suggests a market that is not oversaturated with rental options and signals stronger returns in the long term and less risk for property owners.

    Perfectly suited for those who prefer the space and freedom of a house, Surf Beach has an outstanding 0% units to houses ratio. This low ratio suggests a lower competition among landlords for tenants and can potentially help maintain higher rental yields. The locality’s Affordability Index, which is based on factors such as current interest rates, median family income, and typical property prices, shows a value of 49 years – an indication that owning property here may be quite a long-term commitment.

    However, when it comes to supply metrics, Surf Beach shines. The stock on market Percentage is a meagre 0.13%, indicating a low supply that’s favourable for property investors, while the inventory level sits at just 0.6 months. No new building approvals simply reinforce the scarcity of supply, which can boost property prices in favourable market conditions.

    The suburb’s demand-side metrics are a bit of a mixed bag. On the one hand, the average number of days properties stay on the market is high at 215, hinting at a softer demand. The vacancy rate sits in the neutral at 2.44%, underscoring healthy tenant demand. However, the buy search index clocks in at an impressive 7, indicating that buyers are showing high interest in the properties here, despite the longer sale timeframes.

    In conclusion, Surf Beach 3922 maintains a balanced property market leaning toward beneficial prospects for investors given its low supply and strong interest among buyers. While the suburb’s indicative yield and affordability index may not be ideally suited for short-term gains, the long-term view looks promising, especially considering the favourable supply dynamics and buyer interest. Property investors should maintain a close eye on Surf Beach to pinpoint when dynamics shift towards an even more favourable investment climate. The HtAG Analytics’ Relative Composite Score (RCS) could provide a real-time and comprehensive view of the suburb’s investment attractiveness.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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