Shoreham is a small community in Victoria within the Mornington Peninsula local government area (postcode 3916). With a population of 679, the suburb has an older demographic with a median age of 61. Households earn a median income of $105K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Shoreham is $2.1 million, having surged 18.8% over the past year. The median weekly rent is $421 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,037.
Public transport access includes 4 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Shoreham offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.1M/$875K), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +18.8% year-on-year.
Shoreham is a small community in Victoria within the Mornington Peninsula local government area (postcode 3916). With a population of 679, the suburb has an older demographic with a median age of 61. Households earn a median income of $105K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Shoreham is $2.1 million, having surged 18.8% over the past year. The median weekly rent is $421 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,037.
Public transport access includes 4 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Shoreham offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.1M/$875K), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +18.8% year-on-year.