Shoreham is a small locality in Victoria within the Mornington Peninsula local government area (postcode 3916). It is home to about 679 residents, with an older demographic and a median age of 61. Households earn a median income of $105K per year, with an average household size of 2.1 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 managers, professionals, technicians & trades. Employment in the area leans toward construction and professional services. The top ancestries reported are English, Australian, Scottish.
Median house prices in Shoreham stand at $2.1 million, having risen steeply by 18.8% over the last twelve months. 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.
Looking at the investment signals, Gross rental yield sits at around 1.0% (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. 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.