Project Sub Urban
Beautiful by the bay – Investing in BonbeachLocated 36 kilometres from the Melbourne CBD, Bonbeach is a small bayside suburb. As its name suggests, Bonbeach is bordered by Port Phillip Bay. It also has borders with the suburbs of Carrum, Paterson Lakes, Chelsea and Chelsea Heights. The suburb has its own station, on the Frankston line. A trip into the city from Bonbeach station takes around an hour. The frequency of the trains means there is easy access to schools and shops for those without their own transportation. A small strip of shops across from the station offers cafes and food, including the popular Trax café and bar. Essentials can be picked up in nearby Carrum or for more serious shopping excursions, the Bayside Shopping Centre at Frankston is under 15 minutes away and Westfield Southland, one of Australia’s largest shopping centres is a little over 20 minutes in the opposite direction. One of the obvious attractions of the suburb is the beachside locale, and Bonbeach is aptly named as it offers marvellous ocean views and excellent swimming. Locals regard the beach at Bonbeach as one of Melbourne’s best suburban beaches. The Bonbeach Surf Lifesaving club has been operating for over 85 years and provides free beach patrols in summer. The club also offers membership and members enjoy training in surf patrol and ski boards, and can participate in swimming and fitness sessions on the beach. With the median price for a 2-bedroom unit at $551,000*, Bonbeach represents a great place for investment. The average population of Bonbeach is aged between 20 and 39, a group consisting of those who are beginning to build a family and those with young families, likely leading a high rental demand and diversity of tenant. With one of Melbourne’s best suburban beaches and public transport access, Bonbeach could be the place for your next investment. If you are interested in Bonbeach or other Melbourne property investment opportunities contact Accrue Real Estate to learn more. *realestate.com.au, data from April 23, 2018. Image from: Map data © 2018 Google
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