Venus Bay is a small community in Victoria within the South Gippsland local government area (postcode 3956). With a population of 904, the suburb has an older demographic with a median age of 58. Households earn a median income of $48K per year, with an average household size of 1.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Venus Bay is $237,000, having remained flat 0% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $1,083.
The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
From an investment perspective, Venus Bay offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($237K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +0.0% year-on-year.
Venus Bay is a small community in Victoria within the South Gippsland local government area (postcode 3956). With a population of 904, the suburb has an older demographic with a median age of 58. Households earn a median income of $48K per year, with an average household size of 1.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Venus Bay is $237,000, having remained flat 0% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $1,083.
The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
From an investment perspective, Venus Bay offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($237K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +0.0% year-on-year.