Located in Victoria within the Mornington Peninsula local government area, Baxter is a smaller suburb (postcode 3911). The area has roughly 2,166 residents and a settled mid-life population, with a median age of 40. Households earn a median income of $78K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, labourers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Baxter stand at $725,000, having moved higher by 4.7% over the last twelve months. Units have a median price of $586,000 (-3.1% YoY). The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,690.
Baxter is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 3 rail stations, 9 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($725K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +4.7% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.