Baxter is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3911). With a population of 2,166, the suburb has an established demographic with a median age of 40. Households earn a median income of $78K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Baxter is $725,000, having increased 4.7% over the past year. Units have a median price of $605,000 (-0.4% 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.
From an investment perspective, Baxter offers a gross rental yield of 2.6%, rated as 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.
Baxter is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3911). With a population of 2,166, the suburb has an established demographic with a median age of 40. Households earn a median income of $78K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Baxter is $725,000, having increased 4.7% over the past year. Units have a median price of $605,000 (-0.4% 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.
From an investment perspective, Baxter offers a gross rental yield of 2.6%, rated as 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.