Cape Paterson is a small community in Victoria within the Bass Coast local government area (postcode 3995). The area has roughly 1,111 residents and an older demographic, with a median age of 55. Households earn a median income of $67K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Cape Paterson has a median house price of $845,000, which has moved higher by 5% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,517.
Public transport access includes 13 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.0% (low yield). Property prices are near the state median ($845K/$875K). The price-to-income ratio of 12.6x is considered stretched. House prices have moved +5.0% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.