Venus Bay is in South Gippsland LGA, VIC, postcode 3956, with population 904.
Price, rent, or affordability signals are lining up without a clear local red flag, and the broader demand backdrop is at least supportive. Treat this as a suburb worth comparing seriously, then stress-test it in the calculator before making a conviction call.
Gross yield screens at about 9.5%. Entry price sits in the lower-cost range for a first-pass screen.
Small local population makes the signal set more fragile.
Official vacancy is published at the Regional Victoria level, not per suburb. Shaded band marks a balanced market (2.5–3.5%).
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection. Turnover divides recorded sales by an estimated household count (population over average household size).
82% of homes here are owner-occupied and 15% rented, with 6% of landlords negatively geared.
82% owner-occupied — owner-occupiers hold longer and absorb rate shocks, supporting price stability.
ABS Census 2021 tenure (G37), ATO postcode rental statistics, and QuickProperty's investor-exposure index. Owner-occupied = owned outright + with a mortgage.
New-loan repayment $1,161/mo vs median rent $1,876/mo (-38% · -$165/wk)
At 4.2%: $927/mo (-234) · at 6.2% (current): $1,161/mo · at 8.2%: $1,418/mo (+257)
Assumes a 20% deposit and a 30-year principal-and-interest loan at the current RBA new owner-occupier variable rate, against median weekly household income (ABS Census 2021). Stress bands follow the 30% / 45%-of-income thresholds used in ANZ-CoreLogic and AIHW reporting. Rent vs buy compares that repayment with the suburb's median advertised rent; it excludes rates, insurance, maintenance and deposit opportunity cost.
Alternatives are similar-priced suburbs (0.7–1.4x this suburb's median) in other council areas that exceed it on the named metric. Indicative — not financial advice.
This suburb 4.9x · VIC median 8.8x — more affordable than the VIC typical
Nationally · more affordable to buy than 92% of AU suburbs
This suburb 47% · VIC median 17%
Nationally · lighter rent burden than 1% of AU suburbs
Owners with a mortgage repay a median of $1,083/mo, while renters pay about $1,876/mo — renting runs $793/mo higher on these medians.
Serviceability line: a household needs about $893/wk to hold a new loan on the median house at 30% of income (20% deposit, 30-year P&I, current RBA rate).
At the median asking rent, about 70% of households here would spend more than 30% of income on rent (rent stress line: $1,443/wk income).
Getting to work: 60% drive, 0% public transport, 2% walk or cycle, 35% worked from home (2021 Census, taken during COVID-era work-from-home arrangements).
Top 91% most liveable of 4,565Australian suburbs.
Bar = this suburb's percentile · tick = typical (median) peer
Suburb-level access-density index (not an address-level walk-time score), normalised within Australian suburbs. Method based on the Urban Liveability Index (Higgs et al. 2019) and Walk Score — three equal-weighted domains combined with an imbalance penalty.
Building due diligence
The National Construction Code is the baseline. Local hazards and site classifications can change the required structure, materials, fixings, insulation and detailing.
About 90.0% of the suburb is within Victoria's mapped Bushfire Prone Area.
May affect: External construction · Roof and wall systems · Openings, screens and decks
About 0.0% of the suburb intersects VIC LSIO.
May affect: Floor levels and drainage · Water-resistant assemblies · Material durability
Confirm the NCC climate zone used for the building design and energy provisions.
May affect: Insulation and glazing · Condensation control · Roof-space ventilation
A suburb layer cannot determine the site wind classification or Bushfire Attack Level.
May affect: Structure and tie-downs · Cladding and fixings · Openings and bushfire detailing
Confirm marine or corrosive exposure and the applicable termite-management requirements.
May affect: Fasteners and connectors · Roofing and coatings · Termite management
This screen identifies investigation triggers, not building quality or property compliance. Confirm the address, design and current jurisdiction rules with the council, building surveyor or certifier, designer and engineer.
NCC 2022 Housing Provisions: how to use · NCC 2022 Volume Two and Housing Provisions
Share of the suburb within Victoria's gazetted Bushfire Prone Area (Vicmap, CC BY), point-sampled across the suburb. A Bushfire Prone Area is a planning designation that triggers the building code's bushfire construction provisions — it is not a graduated hazard rating or a property-level Bushfire Attack Level (BAL) assessment. Obtain a BAL assessment (AS 3959) for an individual property.
Estimated exposure to the official flood-hazard layer (VIC LSIO), point-sampled across the suburb. This shows how much of the suburb sits within mapped flood-planning areas — it is not a property-level flood certificate. Areas without a completed flood study may be unmapped. Check the local council's flood maps for an individual property.
Land-use mix estimated by point-sampling the suburb against Vicmap Planning scheme-zone polygons (CC BY 4.0). This is a suburb-level snapshot of planning zones, not a parcel-level zoning certificate or development advice. Check the relevant planning scheme for an individual property.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
ABS population projection (2022 base) for the Foster SA2 statistical area — the finest official projection grain available; suburb-level projections do not exist.
Venus Bay (postcode 3956) is a close-knit residential community in Victoria within the South Gippsland local government area. It is home to about 904 residents, with an older demographic and a median age of 58. Households earn a median income of $48K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, 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 healthcare and construction. The top ancestries reported are English, Australian, Irish.
Venus Bay has a median house price of $237,000, holding roughly steady year-on-year. The current median weekly rent is $433. This gives a gross rental yield of approximately 9.5%. The median monthly mortgage repayment is $1,083.
The crime rate in the South Gippsland LGA is higher than average at 8,499 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 9.5%, which reads as high yield. Property prices sit below the state median ($237K/$850K), which can point to relative value. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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There is enough direct local evidence on Venus Bay for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Venus Bay is in the South Gippsland Local Government Area, VIC, postcode 3956. Council-level context for South Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Venus Bay, VIC is $237K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Venus Bay is $433/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
Rent-led investor candidate: Gross rent yield screens at about 9.5%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Venus Bay show: High Yield, Below Median, Affordable. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.