Bonbeach is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 6,855, the suburb has an established demographic with a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Bonbeach is $1.0 million, having dropped significantly 8.5% over the past year. Units have a median price of $699,000 (+2.7% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,139.
Bonbeach is served by 1 school, including 1 primary. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 3 rail stations, 12 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Bonbeach offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 11.2x is considered stretched. House prices have moved -8.5% year-on-year.
Bonbeach is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 6,855, the suburb has an established demographic with a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Bonbeach is $1.0 million, having dropped significantly 8.5% over the past year. Units have a median price of $699,000 (+2.7% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,139.
Bonbeach is served by 1 school, including 1 primary. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 3 rail stations, 12 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Bonbeach offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 11.2x is considered stretched. House prices have moved -8.5% year-on-year.