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Safety Beach is a delightful coastal suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. Nestled on the Mornington Peninsula, this charming suburb is renowned for its stunning beaches and tranquil atmosphere, providing a perfect escape from the hustle and bustle of city life. The community vibe is warm and welcoming, with a mix of families, retirees, and young professionals who appreciate the relaxed coastal living. The suburb's proximity to the pristine waters of Port Phillip Bay ensures that residents have easy access to a range of water activities, from swimming to sailing, making it a haven for outdoor enthusiasts.

Families will find Safety Beach particularly appealing due to its safe and friendly environment, along with the availability of local amenities such as schools, parks, and shopping options. The suburb's growing infrastructure, including the thriving Martha Cove Marina, adds to its allure, offering excellent opportunities for boating and waterfront living. While Safety Beach may not have the bustling nightlife of inner-city areas, it compensates with its natural beauty and a strong sense of community, making it ideal for those seeking a quieter, more laid-back lifestyle.

However, living in Safety Beach does come with some trade-offs. The peaceful coastal setting means that it is a bit removed from the urban conveniences of Melbourne, requiring a commute for those who work in the city. Additionally, as the area continues to develop, property prices may rise, potentially impacting affordability for some. Despite these considerations, Safety Beach remains a highly desirable location for those who value a harmonious blend of coastal charm, community spirit, and outdoor recreation.

Living in Safety Beach can be quite expensive, especially when considering the current property market. The median house price is around $1,200,000, and the median unit price is $750,000. These figures are relatively high, particularly when compared to other suburbs in the region. For those thinking of renting, the average rent for houses is about $697 per week, while units come in at $600 per week.

When you compare these housing costs to the average wage in Safety Beach, which is approximately $85,000 per year, it's clear that a significant portion of one's income would be needed to cover housing expenses. This is especially true when you consider that the median total household income weekly is $1,468. In comparison, the average wage in Victoria is slightly lower, making Safety Beach a more expensive option for living.

Overall, while Safety Beach offers a beautiful coastal lifestyle and a serene environment, the cost of living, particularly in terms of housing, is on the higher side. If you're thinking of living in Safety Beach, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this picturesque suburb.

Safety Beach presents an intriguing investment opportunity, particularly for those interested in the unit market. Over the past year, the median unit value has surged by an impressive 21.5%, indicating strong demand and potential for capital growth in this segment. This growth suggests that units in Safety Beach are becoming increasingly desirable, possibly due to their affordability compared to houses and the lifestyle appeal of the area.

While the median house value and rental prices for both houses and units have remained stable over the past year, this stability can be seen as a positive for investors seeking a low-risk environment. The lack of change in house prices and rents suggests a steady market, which can be appealing for those looking for consistent rental income without the volatility seen in other areas.

Overall, Safety Beach offers a unique mix of rapid unit value growth and stable house prices, making it a potentially attractive option for investors. The area's coastal charm and lifestyle appeal continue to draw interest, particularly in the unit market, where significant growth has been observed. For investors, this could mean a promising opportunity to capitalize on the rising demand for units while enjoying the stability of the broader property market.