Paradise Beach (postcode 3851) is a sparsely populated locality in Victoria within the Wellington local government area. With a population of 172, the suburb has a more retirement-aged population with a median age of 61. Households earn a median income of $37K per year, with an average household size of 1.6 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 +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, sales. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Paradise Beach is $305,000, having dropped significantly by 18.1% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $650.
The crime rate in the Wellington LGA is higher than average at 12,346 incidents per 100,000 population.
On the investment side, Paradise Beach shows a gross rental yield of approximately 7.4%, rated as high yield. Property prices sit below the state median ($305K/$850K), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -18.1% 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.