Coronet Bay at a glance
Median house
$505,000
Median unit
$246,240
Walk score
0
Very car dependent
Population
1,108
Median age 51
The brief
What to know about Coronet Bay.
The postcode for Coronet Bay is 3984 (VIC).
The median house price in Coronet Bay is $505,000.
Coronet Bay (3984) sits in the South Gippsland region of Victoria. The median house here is $505,000, well below the Victoria median of around $850K.
Coronet Bay has roughly 1,108 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
Compare Coronet Bay with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Coronet Bay scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 6 government primary, 1 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Coronet Bay's population at 1,108, with a median age of 51. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (77% own, 21% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (60% family households, 38% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
1,108
Median age
51
Family households
60%
Lone person
38%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $505,000 on a typical sale, well below the Victoria median. Units come in around $246,240, roughly 51% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $101,000. Prices are well below the Victoria median, which keeps Coronet Bay on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$505,000
+0.0% over the past year. Median unit price $246,240.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$300/wk
Weekly rent (unit)
$281/wk
Owner occupied
77%
Renter occupied
21%
At a deeper level
$505,000
$246,240
1,108
Median age: 51
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For investors
Investment overview.
Gross rental yield on houses sits at 3.09% (median rent $300/wk against a $505,000 price tag). Units yield 5.93% gross, often the better cash-flow play for first-time investors. Renter share is modest (21%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20263.09%
Based on $505,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.93%
Based on $246,240 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202677%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
53
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
0
0
5
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Coronet Bay.
Local schools for Coronet Bay
View the catchment for each school to find out more.
Government School Catchment
Bass Valley Primary School
Perseverance Primary School
Newhaven Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Coronet Bay.
- What is the median house price in Coronet Bay?
- The median house price in Coronet Bay, VIC 3984 is $505,000. The median unit price is $246,240.
- What is the Coronet Bay postcode?
- Coronet Bay is in the 3984 postcode, in VIC, in the South Gippsland Shire Council region.
- Where is Coronet Bay?
- Coronet Bay is a regional suburb in VIC, postcode 3984, in the South Gippsland Shire Council region.
- What is the average rent in Coronet Bay?
- The median weekly rent for houses is $300, for units it's $281.
- What schools are in Coronet Bay?
- There are 9 schools serving Coronet Bay on this page, including Bass Valley Primary School, Perseverance Primary School, Newhaven Primary School.
- How walkable is Coronet Bay?
- Coronet Bay has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 5.
- What suburbs are near Coronet Bay?
- Coronet Bay is close to Corinella, Tenby Point, Bass, Queensferry, Glen Forbes.
- What is the population of Coronet Bay?
- The population of Coronet Bay is approximately 1,108 (2021 Census). The median age is 51.
For Sale
Coronet Bay
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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