Balnarring Beach is a quiet locality in Victoria within the Mornington Peninsula local government area (postcode 3926). With a population of 471, the suburb has an older demographic with a median age of 58. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Balnarring Beach is $1.6 million, having dropped significantly 23.3% over the past year. The median weekly rent is $423 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,800.
The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Balnarring Beach offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 19.4x is considered stretched. House prices have moved -23.3% year-on-year.
Balnarring Beach is a quiet locality in Victoria within the Mornington Peninsula local government area (postcode 3926). With a population of 471, the suburb has an older demographic with a median age of 58. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Balnarring Beach is $1.6 million, having dropped significantly 23.3% over the past year. The median weekly rent is $423 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,800.
The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Balnarring Beach offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 19.4x is considered stretched. House prices have moved -23.3% year-on-year.