Cape Schanck is a small community in Victoria within the Mornington Peninsula local government area (postcode 3939). With a population of 569, the suburb has an older demographic with a median age of 55. Households earn a median income of $114K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Cape Schanck is $1.5 million, having declined 3.4% over the past year. The median weekly rent is $359 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,950.
The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Cape Schanck offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -3.4% year-on-year.
Cape Schanck is a small community in Victoria within the Mornington Peninsula local government area (postcode 3939). With a population of 569, the suburb has an older demographic with a median age of 55. Households earn a median income of $114K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Cape Schanck is $1.5 million, having declined 3.4% over the past year. The median weekly rent is $359 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,950.
The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Cape Schanck offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -3.4% year-on-year.