Fraud Blocker

St Andrews Beach, VIC 3941

Home » VIC Real Estate Data » Mornington Peninsula Shire, VIC » St Andrews Beach, VIC 3941

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 St Andrews Beach, VIC 3941 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “St Andrews Beach, VIC 3941”

  1. The total adult population (15 years or older) of St Andrews Beach 3941 VIC is 764, with a median age of 44. Of those, 53.27% are married, 14.27% are divorced or separated, 30.63% are single and 2.23% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,032. The median monthly mortgage repayment for households in this suburb is $2,000 which is 22.14% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of St Andrews Beach, postcode 3941, is nestled in Victoria and is said to house an estimated 853 households. As we enter Q3 of 2023, the typical house prices in St Andrews Beach 3941 tend to revolve around $1,572,596. The median weekly rent for these properties stands at $451, collectively bringing forth an indicative yield of 1.49%.

    Taking a deeper look into the socio-economic fabric of the area, the IRSAD score sits at 1048 out of 1217, indicative of a reasonably favourable socio-economic climate, suggesting substantial access to economic resources and highly competent professions within the population.

    Considering the renter to owner ratio, an appealing 11% alludes to a balance within the property market that is skewed in favour of homeowners. This is a favourable sign for investors, suggesting a stable market with less competition from other landlords, thereby promoting higher rental yields.

    Additionally, the units to houses ratio in St Andrews Beach indicates a 100% dominance of houses, with no oversupply of units, which often saturates rental markets, while also enhancing the appeal to families who typically have longer tenancy periods.

    Despite the attractive aspects, the affordability index does pose a hurdle with houses requiring an estimated 68 years to own, surpassing the standard 30-year mortgage base, thus suggesting decreased affordability.

    In terms of supply metrics, the suburb performs well with a stocking on market percentage for houses at 0.23%, suggesting low supply, thus making it desirable for potential investors. The inventory level, at 1.04 months, is also favourable, indicative of a market that quickly absorbs new property listings.

    With a building approvals Ratio at 1.17%, it seems the market is in a steady state, maintaining a balanced influx of new housing stock.

    However, the average number of days houses in St Andrews Beach remain on the market is relatively high at 138 days, suggesting a slower rate of turnover that could indicate lower demand.

    The Vacancy Rate, combining both houses and units, clocks in at a sturdy 2.06%, hinting towards a balanced market, neither oversupplied nor undersupplied.

    With a buy search index for houses sitting at 8, the demand for houses within St Andrews Beach significantly exceeds the state/city average, highlighting the potential for growth within this market.

    Overall, the indicators suggest that despite some hurdles, St Andrews Beach may offer investment opportunities, particularly for long-term investors prioritising capital growth above immediate, high rental yield. However, as always, it’s recommended to keep an eye on further market developments and conduct thorough research before making real estate investment decisions.

    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.

Leave a comment