Located in Victoria within the Mornington Peninsula local government area, Safety Beach is a moderately sized suburb (postcode 3936). The area has roughly 6,328 residents and a settled, mature resident base, with a median age of 53. Households earn a median income of $76K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 professionals, managers, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Safety Beach stand at $1.1 million, having dropped significantly by 8.7% over the last twelve months. Units have a median price of $661,000 (-31.9% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.2%. 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.
On the investment side, Safety Beach shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 14.3x is considered stretched. House prices have moved -8.7% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.