Get a property report and suburb profile for any property in Safety Beach

Safety Beach is a relaxed coastal suburb on the Mornington Peninsula, fronting Port Phillip Bay with a sheltered sandy shore and the marina at Martha Cove. The foreshore has parks, walking tracks and a small village strip of cafes and shops close to the water, and housing ranges from older single-storey houses and beach shacks to newer waterfront townhouses and marina apartments. That mix suits families, retirees and people who enjoy boating and a seaside lifestyle.

The community has a median age of 53 and is weighted towards couple families, many without children, and most homes are owner-occupied. The suburb is part of the council’s Safety Beach masterplan implementation, with Stage 1 works at Tassels Cove completed and further path and foreshore improvements planned, alongside public art such as the ARTREK trail and a new mural celebrating Sammy the seal. Whether it suits you comes down to how much you value a quieter coastal setting with village amenities and boating access.

A median house price of $1,050,000 in Safety Beach works out to about 13.8 times a typical local household's annual income at the last Census (weekly household income $1,468). Rents are high relative to that income too: $750 a week for houses and $665 a week for units would take roughly 51.0% and 45.3% respectively of a typical local household's weekly income at the last Census, which are large shares. The household income is as recorded at the most recent Census while the prices and rents are current, so the comparison reflects Census incomes rather than today’s incomes.

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

If you're weighing Safety Beach as an investment, the past year paints two different pictures for houses and units. Median house values edged up 0.9% over the 12 months while house rents rose a solid 7.1%, so the rent a house earns increased more than its price did over the year.

Units followed a contrasting path: median unit values fell 7.3% while unit rents jumped a strong 11.8%. Overall, rental income grew more strongly than prices on both sides of the market, with unit rents the standout performer this year. Whether that balance suits your investment goals and circumstances is something only you can decide.

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.