beechworth

3747, Victoria

Real Estate & Property Information

Median
Price Rank
482

beechworth Suburb Profile & Review

Once a wealthy mining town in the 1850s, Beechworth today is a popular tourist destination due to its striking historical atmosphere. Retail shops and cafes along Camp Street and Ford Street are renowned for their quaint and antique frontages. Many of the area's most historic buildings, such as the town hall, the old court house and a cell that once imprisoned Ned Kelly, are located there.

Ned Kelly displays are prominent due to the bushranger's time in the area. Each year in August there is a Ned Kelly weekend that commemorates the anniversary of his committal hearing.

Families settle in Beechworth for its culture, festivals, food and scenery. Schools include Beechworth Montessori Primary School and Beechworth Secondary College. Lake Sambell Reserve, located to the east of the town centre, is a scenic area featuring a lake and picturesque picnic spots. On the edge of town, the Beechworth Historic Park is a vast natural reserve where there are walking tracks, cascades, waterfalls and forests. The most famous location in town is undoubtedly the Beechworth Bakery. Visitors have given it the title of Australia's greatest bakery. It has expanded to several different locations across Victoria since it was established in 1974.

beechworth Demographic Data

$ 322,500 Median House Price

175 Minutes Average Commute

48 Median Age

3,559 Population

51.05 % Female

48.95 % Male

931 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in beechworth, Victoria.

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beechworth Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

beechworth Median House Prices

  • 2008 $ 315,000
  • 2009 $ 270,000
  • 2010 $ 245,000
  • 2011 $ 311,000
  • 2012 $ 322,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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beechworth 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in beechworth have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term beechworth property price predictions.

beechworth Market Property Types

  • 92 % Seperate House
  • 3 % Semi Detached
  • 4 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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beechworth Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

beechworth Income & Mortgage Stats

  • $ 954 Median Weekly Household Income
  • $ 1,500 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in beechworth

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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beechworth Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

beechworth Sold Property Prices

beechworth Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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