Coronet Bay
Suburb profile, market snapshot and recent listings for Coronet Bay, VIC 3984.
About Coronet Bay
Welcome to Coronet Bay
Coronet Bay sits on the shores of Western Port Bay in Victoria's South Gippsland region, roughly 100 kilometres south-east of Melbourne's CBD via the South Gippsland Highway. It's a small, low-key coastal community tucked between Corinella and Tenby Point, with the rural township of Bass just inland — the kind of place where the pace slows down and the water is never far from view.
With a population of just 1,108 and a median age of 51, Coronet Bay leans toward retirees, tree-and-sea changers, and holiday-home owners rather than young families chasing city amenities. It suits those after a quieter coastal lifestyle, weekend fishing and boating, or a permanent escape from suburban Melbourne without giving up manageable access back to it.
Lifestyle & dining
Life in Coronet Bay revolves around the water. Locals spend their time fishing off the foreshore, launching boats toward the mussel and scallop grounds of Western Port, or simply walking the bay-side tracks at low tide watching for birdlife. Dining out generally means a short drive to Corinella or Bass, both of which have local pubs and cafes serving the surrounding coastal communities, while bigger shopping and eating-out options are found further afield in Wonthaggi or San Remo.
It's a social scene built around the boat ramp and the caravan park rather than a bustling main street, and that's very much the point — Coronet Bay attracts people who want a slower, more self-sufficient coastal life.
Getting around
Coronet Bay is reached via the South Gippsland Highway and local roads linking through Corinella and Bass, with Melbourne's CBD around a 100-kilometre drive. There's no train line directly serving the town, so a car is essential for commuting, shopping trips, or connecting to bus services that run through nearby Bass and larger regional centres like Wonthaggi.
For those needing to reach Melbourne regularly, the drive time and distance make Coronet Bay better suited to retirees, remote workers or weekenders than daily commuters, though the Highway connection does make trips to Phillip Island, Koo Wee Rup and beyond straightforward.
Parks & recreation
The main drawcard is Western Port Bay itself, with its foreshore reserves, boat ramps and fishing spots providing the backbone of daily life here. The bay's mudflats and wetlands are significant for local birdlife, and residents and visitors alike make use of the walking tracks along the coast that link toward Corinella and Tenby Point.
Boating, crabbing and fishing are the dominant pastimes, and the relatively undeveloped nature of the coastline here — compared with busier bay towns closer to Melbourne — is a large part of the appeal for those seeking a natural, unhurried outdoor lifestyle.
Housing & architecture
Housing in Coronet Bay is predominantly low-density and coastal in character, with older beach shacks sitting alongside newer builds on generous blocks. Current listings show a dwelling mix of 61% houses, 38% vacant land and just 1% apartments or units, reflecting the suburb's appeal to owner-builders and those wanting to design a coastal retreat from scratch rather than buy into established higher-density stock.
The strong land component in the listings mix is notable, and points to Coronet Bay's ongoing appeal as a spot where buyers can still secure a vacant block within a coastal community rather than compete for scarce established homes.
The property market
Coronet Bay's median house price sits at $580,000, following recent growth of 16.0% — a strong result that reflects the broader demand for affordable coastal and semi-rural property within reach of Melbourne. Median rent is $445 per week, appealing to a small but steady rental market likely made up of holidaymakers and longer-term tenants alike.
With land making up over a third of current listings, buyers have real choice between established houses and blank canvas blocks, making Coronet Bay a market worth watching for those priced out of more built-up bay towns closer to the city, such as those nearer Phillip Island or Western Port's more developed shores.
Market snapshot
Coronet Bay property market
Median sale price
$580k
House · 3 bed
Median rent
$445
per week
Gross rental yield
4.0%
annual rent ÷ sale price
Typical price range
Entry
$443k
Median
$580k
Premium
$777k
Days on market
87
Auction clearance
0%
Sold this year
27
Median sold price trend · House 3 bed
Compound growth -0.6% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Coronet Bay by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Coronet Bay, VIC 3984.
Population
1,108
residents (2021)
Median age
51
years
Household income
$952
median, per week
Median rent
$281
per week
Median mortgage
$1,300
per month
Mortgage / income
32%
stretched (>30%)
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Coronet Bay
$770k
364 Agar Road
Sold ~July 2026
$580k
11 Oceanaires Avenue
Sold ~July 2026
$600k
40 Bass Horizon Promende
Sold ~July 2026
$560k
17 Scenorama Road
Sold ~July 2026
$505k
3 La Mer Mews
Sold ~June 2026
$1.35m
93 Champ Elysees Esplanade
Sold ~June 2026
$1.75m
25 Kowloon Crescent
Sold ~June 2026
$1.19m
476 Agar Road
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Coronet Bay
Compare the area
Price map around Coronet Bay
Every listing for sale near Coronet Bay, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Coronet Bay suburb FAQ
What is the median property price in Coronet Bay?
The median house price in Coronet Bay, VIC is $725k for a 4-bedroom home.
Is Coronet Bay a good place to live?
Coronet Bay is a town in Victoria, Australia, located 114 km south-east of Melbourne via the M1 and the Bass Highway, on the eastern shore of Western Port Bay. Coronet Bay is an established residential suburb in VIC, with a population of around 1,108.
What is the population of Coronet Bay?
Coronet Bay has a population of 1,108 (ABS 2021 Census), with a median age of 51.
How long do homes take to sell in Coronet Bay?
Properties in Coronet Bay take around 127 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Coronet Bay?
Entry-level properties in Coronet Bay start around $398k, while premium homes reach $1.56m.
What suburbs are near Coronet Bay?
Suburbs near Coronet Bay include Corinella, Tenby Point and Bass.
Fresh to market
New this week in Coronet Bay
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