Get a property report and suburb profile for any property in Beveridge

Beveridge is a semi-rural township on Melbourne’s urban fringe, with open paddocks, horse properties and the volcanic Mount Fraser beside the town. The suburb mixes larger rural residential blocks and renovated farmhouses with pockets of newer housing, so it tends to suit people after acreage living rather than inner-city density. A compact village centre supplies basic shops and services, while country lanes, community groups and weekend equestrian activity shape local life. Road access along the Hume Highway links Beveridge with regional centres and the city, making it a country-style base for commuters and hobby farmers who value space and scenery.

The community has 4,642 people, a median age of 32 and a median household income of $2,266 a week. Families are dominated by couples and homes are largely owner-occupied (82.3% owned, 17.7% rented). Several major precinct plans are shaping future infrastructure, providing for staged housing, multiple town centres, schools and extensive parks and waterways; the plans also reserve a future Beveridge train station and identify a key interchange on the Hume Freeway, with freight precincts east of the freeway in early planning. Whether Beveridge suits you depends on whether acreage living and those planned changes match what you want.

On the figures for Beveridge, renting a house at about $480 a week would use roughly 21.2% of a typical local household's weekly income as recorded at the last Census ($480 ÷ $2,266 ? 0.212). The median house price of $620,000 works out to about 5.3 times a typical local household's annual income at the last Census ($620,000 ÷ ($2,266 × 52) ? 5.3). That places weekly rent at a moderate share of local income and buying a house somewhat above local annual earnings, so renting looks the less stretched option against what people locally earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Beveridge fell 2.7% over the past 12 months, a modest decline in what a house is worth over the year.

That movement refers to capital value rather than rental income. There isn't enough recent data to report 12-month movements for units or for rents, so those aspects can't be described from the available figures.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.