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Beaumaris, VIC 3193

Home » VIC Real Estate Data » Bayside City, VIC » Beaumaris, VIC 3193

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 Beaumaris, VIC 3193 located in Melbourne 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 

2BR

3BR

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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Beaumaris, VIC 3193”

  1. The total adult population (15 years or older) of Beaumaris 3193 VIC is 11,453, with a median age of 48. Of those, 59.33% are married, 9.06% are divorced or separated, 26.92% are single and 4.71% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $13,168. The median monthly mortgage repayment for households in this suburb is $3,000 which is 22.78% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Beaumaris 3193 is estimated to encompass roughly 5947 households. As we move into Q3 of 2023, statistical real estate performance paints a clear picture of how this area’s housing market behaves.

    The typical price for houses within Beaumaris 3193 stand at an impressive $2,044,727. These properties also offer an enticing median weekly rent of $945. Despite these lucrative numbers, Beaumaris 3193 offers an indicative yield that slightly undershoots the desirable minimum of 3%, landing at 2.4%. This modest yield suggests that property investments centred around cash-flow may need to reassess this market’s profitability.

    In terms of socio-economic positioning, Beaumaris 3193 boasts a respectable IRSAD score of 1134 out of 1217. This high IRSAD score is a favourable indicator of the area’s socio-economic status.

    The renter to owner ratio in the suburb sits comfortably at 27%, signifying a healthy proportion of owner-occupied properties. The units to houses ratio is notably low at 14%, showcasing a relatively high number of houses compared to units. This statistic implies less competition amongst landlords for tenants, thus potentially helping to uphold overall rent pricing.

    Nevertheless, affordability in Beaumaris 3193 seems daunting, with the affordability index indicating a predicted 61 years for homeownership achievement. Yet, reassuringly, the property market supply appears to be under control, with a stock on market Percentage at a low 0.16% and an inventory level for houses measured at 0.5 months.

    The building approvals Ratio for houses sits at 0.78%, pointing towards a modest supply of new dwellings entering the market. Interestingly, Beaumaris 3193 exhibits a relatively high demand, with an average of only 24 days on market for houses and a reasonable vacancy rate (for both houses and units) of 1.12%. Compounded by a standard buy search index of 5 for houses, buyers display a strong interest in Beaumaris 3193’s property market.

    While individual metrics may vary in their attractiveness to potential investors, it’s apparent that the majority of economic indicators within Beaumaris 3193 present a relatively healthy and stable property market. Balancing the suburb’s socio-economic appeal with its supply and demand dynamics, Beaumaris 3193 should make for an interesting study for discerning property investors. As with other property markets, keep in mind continually to monitor these trends using tools such as the RCS (Relative Composite Score) provided by HtAG Analytics for more detailed insights.

    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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