beveridge

3753, Victoria

Real Estate & Property Information

Median
Price Rank
33

beveridge Suburb Profile & Review

Though Beveridge is only a small township, it will always hold a special place in Australia's history, because it was the birthplace of our most infamous bushranger, Ned Kelly. The town is also close to Mount Fraser, an eroded extinct volcanic cone. From the north side of the hill the explorers Hume and Hovell first saw Port Phillip in 1824.

Until recently, Beveridge was primarily a rural township. However, it is starting to attract the notice of developers. A 260 hectare residential development called Mandalay features an 18-hole golf course and a clubhouse with a restaurant, bar, shop, gym, pool and tennis courts. There are also plans for a school, childcare facilities, playgrounds and parklands in the vicinity.

Beveridge currently only has one school, Beveridge Primary, though there are plenty of other schools in nearby Wallan, Whittlesea and Eltham. For shops, the Hunters Tryst on the Old Hume Highway is post office, cafe, tavern, beer garden and bed and breakfast all in one. Wellington Square Shopping Centre in Wallan is also only a short drive away.

beveridge Demographic Data

$ 240,000 Median House Price

47 Minutes Average Commute

36 Median Age

872 Population

47.36 % Female

52.64 % Male

241 NO OF FAMILIES

1.9 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 beveridge, Victoria.

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beveridge 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.

beveridge Median House Prices

  • 2008 $ 380,000
  • 2009 $ 240,000
  • 2010 $ 245,000
  • 2011 $ 256,800
  • 2012 $ 240,000

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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beveridge 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 beveridge 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 beveridge property price predictions.

beveridge Market Property Types

  • 98 % Seperate House
  • 0 % Semi Detached
  • 0 % Flat or Unit
  • 2 % 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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beveridge 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.

beveridge Income & Mortgage Stats

  • $ 1,533 Median Weekly Household Income
  • $ 2,000 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 beveridge

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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beveridge 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.

beveridge Sold Property Prices

beveridge 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.

beveridge Related Local Blog Posts

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

beveridge Schools

  • Beveridge Primary SchoolArrowsmith Streetbeveridge VIC 3753(03) 9745 2264State Primary School

beveridge Sporting Centres and Clubs

  • Mandalaybeveridge VIC 3753Golf Course
  • Beveridge & District Pony Clubbeveridge VIC 3753Horse Riding Club
  • Broadhangar Equestrian Parkbeveridge VIC 3753Horse Riding Club

Find out How Much your House is Worth in beveridge

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