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Beaumaris is a delightful suburb that offers a serene and picturesque lifestyle, perfect for those who appreciate coastal living. Known for its stunning beaches and lush greenery, Beaumaris provides a peaceful retreat from the hustle and bustle of city life while still being conveniently located just 20km from Melbourne's CBD. The suburb's charming mid-century modern architecture and leafy streets create a welcoming atmosphere that is ideal for families, retirees, and professionals seeking a tranquil yet vibrant community.

Families will find Beaumaris particularly appealing due to its excellent schools and abundance of parks and green spaces, such as the renowned Ricketts Point Marine Sanctuary. The suburb's strong community spirit is evident in its vibrant local shops and cafes, which offer plenty of opportunities for socializing and leisure. While Beaumaris does not have a train station, its bus routes provide adequate public transport options, maintaining the suburb's reputation for quiet, low-density living.

One trade-off of living in Beaumaris is the high property prices, which reflect the suburb's desirability and limited housing stock. Additionally, the lack of major new residential or commercial developments means that those seeking modern amenities may need to look elsewhere. However, for those who value a high standard of living, coastal charm, and a strong sense of community, Beaumaris is a wonderful place to call home.

Living in Beaumaris can be quite expensive, especially when it comes to housing. The median house price is a hefty $1,997,000, which is significantly higher than many other suburbs in Melbourne. If you're considering renting, the average rent for a house is around $985 per week, while units are more affordable at $598 per week. This suggests that housing costs in Beaumaris are on the higher end, reflecting its desirable location and amenities.

When we compare these housing costs to the average wage in Melbourne, which is about $100,000 per year, it becomes clear that a substantial portion of income would need to be allocated toward housing in Beaumaris. The median total household income in the suburb is $2,626 per week, indicating that residents generally earn well above the average. However, even with a higher income, the cost of housing can still take a significant bite out of the budget.

Overall, Beaumaris is a beautiful suburb with a lot to offer, but it's important to consider the financial implications before deciding to move there. The cost of living, particularly in terms of housing, is quite high, so it's essential to ensure that your financial situation aligns with the expenses associated with living in this prestigious area.

Beaumaris is an intriguing suburb for investment, particularly when considering the recent surge in unit values. Over the last 12 months, the median unit value has skyrocketed by an impressive 45.1%, indicating a strong demand and potential for capital growth in this segment. This dramatic increase suggests that units in Beaumaris are becoming increasingly desirable, possibly due to their affordability compared to houses and the lifestyle appeal of the area.

While the median house value has seen a modest increase of 2.6% over the past year, the stability in house prices can be appealing for investors seeking a less volatile market. The rental market for houses has remained steady with no change, while units have experienced a slight increase in rental returns by 3.1%. This indicates a growing interest in rental units, which could be attributed to the suburb's attractive coastal lifestyle and proximity to amenities.

Overall, Beaumaris presents a compelling case for investment, especially in the unit market. The significant rise in unit values and the steady rental growth suggest a strong demand that could continue to drive property appreciation. For investors looking for a suburb with potential for both capital growth and rental income, Beaumaris offers a promising opportunity.