Question 1

Is St Leonards a nice place to live?

Accepted Answer

St Leonards is a relaxed seaside township on the Bellarine Peninsula along Port Phillip, with a long sandy foreshore, a jetty and public boat ramps that make fishing and boating central to local life. Its compact village centre has cafes, a bakery and everyday shops serving holiday visitors and year-round residents, and housing is mostly low-rise, from older weatherboard cottages and holiday shacks to newer beachside homes. Days are shaped by the water, foreshore reserves and quiet streets, with larger services a short drive away.

The community of 3,542 has a median age of 56 and a median household income of $1,183 a week (roughly $61,516 a year). Families are dominated by couple families without children (61.4% of families), and most homes are owner-occupied: 50.1% owned outright and 25.6% owned with a mortgage, while 24.4% are rented. Several local projects are under way or planned, including a new pier, boat ramp upgrades, foreshore and streetscape improvements, new foreshore facilities and a planned Early Learning Victoria centre next to the primary school with room for about 102 children. Whether St Leonards suits you will come down to whether a quieter coastal lifestyle and this level of local amenity match what you want.

Question 2

Is it expensive to live in St Leonards?

Accepted Answer

Buying a house in St Leonards at the current median of $755,000 works out to about 12.3 times a typical local household's annual income at the last Census (median weekly household income $1,183, annualised to $61,516). Renting a house at about $530 a week would take roughly 44.8% of that typical local household's weekly income. On these figures, buying sits well above what local households earned at the last Census, and renting would take a large share of a typical weekly household income.

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

Question 3

Is St Leonards a good place to invest?

Accepted Answer

There’s a clear split in St Leonards over the past 12 months. Unit values fell 14.5%, a large decline, while house values rose a modest 3.1%.

House rents jumped 10.4% over the year, a strong increase, so the rent a house earns has risen faster than its price. For someone weighing St Leonards up as an investment, the figures show modest capital growth for houses alongside notably stronger rental growth, whereas units have recorded a sizeable fall in value. Whether that balance suits your goals and strategy is for you to 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.

	Houses	Units
Median price Past 3 months	$755K	N/A
Change in value Past 12 months	3.1%	-14.5%
Sold Past 3 months	32	2
Median days on market Past 12 months	83	N/A
Average rent Past 12 months	$530	N/A
Change in rent Past 12 months	10.4%	N/A

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