Beaumaris, VIC 3193, is a prestigious seaside suburb located approximately 20 kilometers south-east of Melbourne's central business district (CBD). Situated along Port Phillip Bay, Beaumaris is known for its stunning coastal vistas, sandy beaches, and relaxed coastal lifestyle.
Originally inhabited by the Bunurong Aboriginal people, Beaumaris was later settled by European colonizers in the mid-19th century. The suburb experienced significant development during the mid-20th century, with many traditional beachside cottages giving way to modern homes and luxury residences.
An interesting fact about Beaumaris is its rich fossil history, with the area renowned for its fossil-bearing cliffs and marine fossils dating back millions of years. This has led to Beaumaris being dubbed the "Fossil Beach" and attracting amateur paleontologists and fossil enthusiasts from across the country.
While Beaumaris has seen some gentrification and improvement over the years, it remains an old-money suburb, characterized by its affluent residents and prestigious waterfront properties. House prices in Beaumaris have experienced steady growth over the past decades, reflecting the suburb's desirability and exclusive coastal lifestyle.
Lifestyle
Beaumaris offers residents a relaxed and idyllic coastal lifestyle, with numerous reserves and green spaces for outdoor recreation. The suburb is home to several parks, including Ricketts Point Marine Sanctuary and Beaumaris Reserve, which offer walking trails, picnic areas, and stunning ocean views.
Popular activities in Beaumaris include beachcombing, swimming, sailing, and fishing along the picturesque coastline. Residents also enjoy leisurely walks and cycling along the foreshore, taking in the breathtaking views and fresh sea breeze.
Coffee and café culture are popular in Beaumaris, with several trendy cafes and eateries lining the bustling beachfront strip. Residents often gather at these establishments to socialize, enjoy artisanal coffee, and indulge in delicious meals while soaking up the coastal ambiance.
Beaumaris hosts various community events and festivals throughout the year, including art exhibitions, music concerts, and food festivals. Pets are popular in the suburb, and residents can often be seen walking their dogs along the foreshore or visiting the local dog-friendly parks and beaches.
School Zones
Beaumaris is served by several reputable public primary and secondary schools, including Beaumaris Primary School and Beaumaris Secondary College. For families seeking Catholic education, Stella Maris Primary School is located nearby in nearby Beaumaris East.
Neighboring suburbs offer exclusive independent private schools, such as Haileybury College and Mentone Girls' Grammar School, which cater to the educational needs of the affluent population.
For students with special needs, the closest school is Sandringham Special Developmental School, which offers specialized programs and support services.
Demographics
From 2006 to 2021, Beaumaris has experienced steady growth in median weekly household income rising from $1,514 to $2,626 , reflecting improving economic conditions and rising property values. The suburb has a high percentage of families, drawn to its family-friendly amenities, quality schools, and beachside lifestyle.
Major cultural ethnicities in Beaumaris include Anglo-Australian, European, and Asian communities. The average income in the suburb is significantly higher than the Australian average, indicating its affluent status and increasing wealth over time.
Employment
A significant percentage of Beaumaris residents are professionals and managerial employees - 54%, reflecting the suburb's affluent character and high standard of living. The main employers in the area include government agencies, financial institutions, and healthcare providers.
Industries of employment in Beaumaris include healthcare, education, retail, and professional services. While many residents work locally, others commute to neighboring suburbs or the CBD for employment.
Emerging employment trends in Beaumaris include growth in the technology sector, creative industries, and knowledge-based professions, reflecting the suburb's evolving economy and changing demographic profile.
Transport
Beaumaris is well-connected to surrounding areas via public transport, including bus routes and train services. The suburb is serviced by several main bus routes, providing convenient access to Melbourne's CBD and other key destinations.
While public transport is available, private transport remains popular among residents, with many households owning cars for commuting and leisure purposes. Additionally, bicycle paths and pedestrian walkways provide alternative modes of transportation for residents.
Shopping Centre's, Restaurants & Facilities
Beaumaris has a high walk score, with many amenities within walking distance for residents. The suburb offers a mix of local shops, cafes, and restaurants, as well as access to major shopping centers such as Westfield Southland and Beaumaris Shopping Centre.
Popular restaurants in Beaumaris include trendy cafes, seafood restaurants, and gourmet dining establishments, catering to diverse tastes and preferences. Local facilities include fitness centers, community centers, and recreational facilities, providing residents with opportunities for leisure and social activities.
Residents of Beaumaris engage in various lifestyle activities, including dining out, shopping, and participating in sports and recreational activities. The suburb is home to several sports clubs, including sailing, golf, and tennis clubs, where residents can enjoy outdoor pursuits and socialize with fellow enthusiasts.
One unique feature of Beaumaris is its stunning coastal scenery and pristine beaches, providing residents with access to water-based activities such as swimming, surfing, and snorkeling. Additionally, the suburb's close proximity to the CBD offers convenient access to cultural attractions, entertainment venues, and events throughout the year.
Development
Beaumaris features a mix of dwellings, including traditional beachside cottages, modern homes, and luxury waterfront properties. Development opportunities in Beaumaris include infill development, renovations, and subdivision of larger lots to accommodate multiple dwellings.
While knock-down rebuilds and renovations are common in the area, strict planning regulations aim to preserve the suburb's coastal character and heritage. Despite limited subdivision opportunities, there is potential for future growth and development as demand for coastal living continues to rise.
Capital Growth
Average capital growth for houses, townhouses, and units in Beaumaris has been strong, reflecting the suburb's desirable location and affluent demographics averaging 9.6% for houses.. Growth in the better pockets of the suburb has been above 12%, particularly those with waterfront views and proximity to amenities, has outpaced broader market trends.
Factors driving capital growth in Beaumaris include its prestigious waterfront properties, stunning coastal scenery, and limited supply of premium real estate. The suburb's appeal to affluent buyers seeking exclusive coastal lifestyle offerings also contributes to its strong capital growth potential.
Main buyers in the suburb include families, professionals, and retirees seeking quality properties in a prestigious coastal setting.
Cash Flow
The average cash flow for houses in Beaumaris reflects competitive rental yields, making it an attractive investment option for landlords seeking stable returns averaging 2.4%. Townhouses and units also offer competitive yields of 4.2%, appealing to tenants seeking coastal living with access to amenities and transport.
Cash flow has shown consistent growth over the past decades, driven by steady rental demand from professionals, families, and retirees attracted to the suburb's beachside lifestyle offerings.
Common tenants of leased properties in Beaumaris include professionals, families, and retirees seeking quality housing options close to the beach and amenities.
Rental Demand
Vacancy rates for houses, townhouses, and units in Beaumaris have historically been low, reflecting strong rental demand and a stable rental market averaging 1.6%. Over the past decade, vacancy rates have remained relatively stable, with fluctuations influenced by economic conditions and housing supply.
The COVID-19 pandemic has had minimal impact on rental demand in Beaumaris, with vacancy rates remaining low or decreasing slightly due to continued demand from tenants seeking coastal living and lifestyle amenities.
Driving forces behind rental demand include Beaumaris's prestigious waterfront properties, coastal lifestyle offerings, and proximity to amenities. Decreased rental stock levels can be attributed to limited new developments and high owner-occupancy rates, which reduce the availability of rental properties in the market.
Why You Require a Buyers Agent in Beaumaris
Competition in Beaumaris's property market is fierce, with low stock levels and high demand creating challenges for prospective buyers. A buyer's agent can provide valuable expertise, insights, and guidance to navigate this competitive landscape, helping buyers identify suitable properties, negotiate favorable terms, and secure their desired home or investment property.
Due to the suburb's limited housing supply and high demand from affluent buyers, stock levels are constantly low, making it essential for buyers to act quickly and decisively when opportunities arise. A buyer's agent can leverage their network and resources to access off-market listings and exclusive properties, giving buyers a competitive edge in the market.
One unique reason why Beaumaris is a good place to buy is its prestigious waterfront properties, stunning coastal scenery, and strong capital growth potential. With its exclusive coastal lifestyle offerings and limited supply of premium real estate, Beaumaris offers investors and homebuyers alike a unique opportunity to enjoy luxury coastal living in Melbourne's coveted bayside enclave.
Having a buyers agent in your corner is crucial to your success in Beaumaris. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
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