St Andrews Beach (postcode 3941) is a small community in Victoria within the Mornington Peninsula local government area. With a population of 974, the suburb has an established family demographic with a median age of 44. Households earn a median income of $100K per year, with an average household size of 2.6 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, technicians & trades, managers. Employment in the area leans toward construction and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in St Andrews Beach is $1.5 million, having edged higher by 1% over the past year. The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,000.
Public transport access includes 7 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.2%, which reads as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +1.0% 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.