Paradise Beach is a quiet locality in Victoria within the Wellington local government area (postcode 3851). With a population of 172, the suburb has an older demographic with a median age of 61. Households earn a median income of $37K per year, with an average household size of 1.6 people. The most common occupations are professionals, technicians & trades, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Paradise Beach is $305,000, having dropped significantly 18.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $650.
The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Paradise Beach offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($305K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -18.1% year-on-year.
Paradise Beach is a quiet locality in Victoria within the Wellington local government area (postcode 3851). With a population of 172, the suburb has an older demographic with a median age of 61. Households earn a median income of $37K per year, with an average household size of 1.6 people. The most common occupations are professionals, technicians & trades, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Paradise Beach is $305,000, having dropped significantly 18.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $650.
The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Paradise Beach offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($305K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -18.1% year-on-year.