Beaumaris Suburb Profile

Its neighbouring suburbs include Black Rock to the west, Cheltenham to the north and Mentone to the east.

Beaumaris is not serviced by train or tram, however residents can drive or walk to the Mentone train station near the end of Balcombe Road.

Driving from the city to Beaumaris should take about 28 minutes. At peak times however, and depending on traffic in the inner-city suburbs, it could take closer to an hour to drive to the suburb, taking the Nepean Highway.

According to the REIV, Beaumaris’ median house price as at September 2007 is $1.01 million, up from $901,500 in September 2006.

According to Australian Property Monitors, Melbourne’s median weekly asking rent for houses is $340 as at December 2007. This is an increase from $330 per week in the September quarter.

Average median weekly asking rents for units are $300 per week in the December 2007 quarter, up $10 since the September quarter.

Gross rental yields for houses in Melbourne are now 4.12 per cent, a drop from 4.23 per cent in the September 2007 quarter. Gross rental yields for apartments in the December 2007 quarter were 4.8 per cent, compared to 4.9 per cent in the September 2007 quarter.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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