Cape Schanck (postcode 3939) is a small locality in Victoria within the Mornington Peninsula local government area. It is home to about 569 residents, with an older demographic and a median age of 55. Households earn a median income of $114K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 construction and professional services. The top ancestries reported are English, Australian, Scottish.
Cape Schanck has a median house price of $1.5 million, which has declined by 3.4% year-on-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.
On the investment side, The gross rental yield works out to roughly 1.3%, which reads 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. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.