All About Bonbeach, Kingston (Vic.), VIC, 3196

Bonbeach, a suburb nestled within the City of Kingston in Victoria, Australia, presents a dynamic and evolving housing market influenced by its scenic coastal proximity. As of recent assessments, Bonbeach has seen a steady increase in property values, reflecting a broader trend observed across many of Melbourne's suburbs. This upswing is driven partly by the suburb's desirability, thanks to its picturesque beachside location and the lifestyle it affords residents. The housing market in Bonbeach is diverse, featuring a mix of older homes filled with character and modern developments designed to cater to a variety of tastes and preferences. As more families and professionals seek residences that offer both tranquility and accessibility to Melbourne's central business district, Bonbeach's real estate continues to capture interest from both investors and homebuyers alike.

Living in Bonbeach offers a unique blend of relaxed coastal living and suburban convenience. Residents are treated to the suburb's main attraction—its pristine beach—which serves as a perfect spot for leisure and recreation, particularly in the warmer months. The suburb is well-serviced by public transport, with regular train services available from Bonbeach Railway Station, ensuring easy commutes to central Melbourne for work or leisure. The community is close-knit, reflected in the vibrant local events and active neighborhood groups that foster a sense of belonging. Local amenities, including cafes, shops, and parks, contribute to a comfortable and fulfilling quality of life. For families, there are schooling options and plenty of space for outdoor activities, making Bonbeach an attractive location for those seeking a balance between a serene lifestyle and urban accessibility.

Bonbeach Real Estate Market Outlook

Thinking about buying in Bonbeach? Now could not be a better time, with 4283 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,170,000 with prices in this suburb ranging from $379,000 to $7,040,000. Bonbeach is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Bonbeach ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Bonbeach classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Bonbeach requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Bonbeach we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bonbeach a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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