Golden Beach (postcode 3851) is a quiet locality in Victoria within the Wellington local government area. The area has roughly 356 residents and an older demographic, with a median age of 60. Households earn a median income of $37K per year, with an average household size of 1.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 managers, professionals, sales. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are English, Australian, Irish.
Golden Beach has a median house price of $410,000, which has increased by 3.8% year-on-year. The current median weekly rent is $435. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $858.
Public transport access includes 1 bus stop. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
Looking at the investment signals, Golden Beach shows a gross rental yield of approximately 5.5%, rated as high yield. Property prices sit below the state median ($410K/$875K), which can point to relative value. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +3.8% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.