Safety Beach is a mid-sized suburb in Victoria within the Mornington Peninsula local government area (postcode 3936). With a population of 6,328, the suburb has a mature demographic with a median age of 53. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Safety Beach is $1.2 million, having dipped slightly 1.7% over the past year. Units have a median price of $970,000 (+13.5% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,000.
Public transport access includes 20 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Safety Beach offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 15.7x is considered stretched. House prices have moved -1.7% year-on-year.
Safety Beach is a mid-sized suburb in Victoria within the Mornington Peninsula local government area (postcode 3936). With a population of 6,328, the suburb has a mature demographic with a median age of 53. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Safety Beach is $1.2 million, having dipped slightly 1.7% over the past year. Units have a median price of $970,000 (+13.5% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,000.
Public transport access includes 20 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Safety Beach offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 15.7x is considered stretched. House prices have moved -1.7% year-on-year.