Located in Victoria within the Kingston (Vic.) local government area, Bonbeach is a moderately sized suburb (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. 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Bonbeach is $1.0 million, having dropped significantly by 8.5% over the past year. Units have a median price of $712,000 (+1.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. 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, The gross rental yield works out to roughly 3.0%, which reads as moderate 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.