Golden Beach is a quiet locality in Victoria within the Wellington local government area (postcode 3851). With a population of 356, the suburb has 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. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Golden Beach is $410,000, having increased 3.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Golden Beach offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($410K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +3.8% year-on-year.
Golden Beach is a quiet locality in Victoria within the Wellington local government area (postcode 3851). With a population of 356, the suburb has 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. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Golden Beach is $410,000, having increased 3.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Golden Beach offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($410K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +3.8% year-on-year.