Beveridge suburb profile
Beveridge is a rapidly growing suburb located in Victoria, approximately 42km north of Melbourne's CBD. Known for its semi-rural charm and expansive landscapes, Beveridge offers a peaceful lifestyle with a strong sense of community. The suburb is home to historic sites such as the birthplace of infamous bushranger Ned Kelly, adding a touch of historical intrigue. With new housing developments and infrastructure projects underway, Beveridge is attracting families and investors looking for affordable living options within reach of the city. Its proximity to the Hume Freeway ensures convenient access to Melbourne and surrounding areas.
Beveridge property market performance
Beveridge's property market has remained stable over the past 12 months, with the median house price holding steady at $650,000. There has been no change in house values, and the suburb does not currently have a unit market. Over the last three months, 39 houses were sold, indicating a consistent level of sales activity.
Houses in Beveridge are taking longer to sell, with a median of 123 days on the market, suggesting a more cautious buyer approach. The rental market for houses has seen a moderate increase, with average rent rising by 5.6% to $475 over the past year, reflecting a steady demand for rental properties in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $650K | N/A |
Change in value Past 12 months | -3.7% | N/A |
Sold Past 3 months | 39 | N/A |
Median days on market Past 12 months | 123 | N/A |
Average rent Past 12 months | $475 | N/A |
Change in rent Past 12 months | 5.6% | N/A |
5 year median price trend for houses and units
Beveridge demographics
Beveridge, located in Victoria, is a growing suburb that offers a blend of rural charm and suburban convenience. With a population of 4,642, Beveridge is attracting families and young professionals who are drawn to its spacious living and community-oriented atmosphere. The median age of 32 suggests a youthful and dynamic community, with many residents likely to be young families or professionals starting their journey in homeownership.
The suburb is characterized by a high percentage of couple families with children, making up 60.6% of the population. This indicates that Beveridge is a family-friendly area, with amenities and services catering to the needs of children and parents alike. The presence of couple families without children (27.9%) and one-parent families (10.9%) adds to the diversity of the community, fostering a supportive and inclusive environment.
Property ownership in Beveridge is predominantly mortgage-based, with 66.4% of homes owned with a mortgage. This reflects the suburb's appeal to new homeowners and those looking to invest in property. Only 15.9% of properties are owned outright, while 17.7% are rented, indicating a stable housing market with opportunities for both buyers and renters. Beveridge's combination of affordability, community spirit, and proximity to Melbourne makes it an attractive option for those seeking a balanced lifestyle.
Beveridge infrastructure, key developments and investment opportunities
Beveridge is experiencing significant growth and development that is likely to impact its property market. The suburb is undergoing rapid residential expansion, with new estates like Mandalay and Ooranya offering a range of housing options and amenities. These developments are attracting new residents to the area, potentially increasing demand for properties and services.
Infrastructure improvements are also underway to support the growing population. The Greater Beveridge Community Centre provides essential services and a local library, enhancing community facilities. Additionally, the nearby Mount Fraser offers recreational opportunities and scenic views. While specific details on major infrastructure projects are limited, the ongoing residential development suggests continued investment in local amenities and services to cater to the expanding community.
Beveridge rental market trends
The rental market in Beveridge has experienced moderate growth, with house rents increasing by 5.6% over the past year to $475 per week. However, there is no data available for unit rents, indicating a potential lack of unit rental options in the area. As Beveridge continues to develop, it presents opportunities for investors focusing on house rentals in this emerging suburb.
Suburbs near Beveridge
Some popular suburbs near Beveridge include:
How does Beveridge compare to nearby suburbs?
- Median house prices: Beveridge’s median house price is 7.4% higher than Wallan’s.
- House price growth: Property prices in nearby Wallan have risen 2.5% more than in Beveridge over the past year.
- Selling speed for houses: Properties in nearby Wallan are selling 28.5% faster than in Beveridge.
- House price growth: Over the past 12 months, house prices in Beveridge have grown 36.1% lower than the average rate of growth across Melbourne.