Suburb Profile Report for Belgrave South VIC (3160)

Belgrave South House: Median price $705,000, Annual capital growth 10.39%, Number of sales 18, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property investors who have had real estate in Belgrave South, 3160 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 26.46%

Taking the average capital gain, or increase in median house value, Belgrave South,3160 has racked up an average of 26.46% over the period. This ranks it number 1825th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Belgrave South is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in VIC

At number 80 in a list of fastest selling suburbs, Belgrave South is in the TOP 10% of suburbs in Australia with an average of days on market 26.58 for properties listed there.

Metrics i HOUSE UNIT
$705,000 N/A
5.22% N/A
26.46% N/A
10.39% N/A
N/A N/A
18 N/A
N/A N/A
26.58 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 1661
Median household income ($/weekly) 1541
Median age of persons 42
Median housing loan repayment ($/monthly) 1623
Average household size 3
  • Census Count Percent(%)
    5-14 years 248 14.9
    25-34 years 147 8.8
    35-44 years 204 12.3
    45-54 years 273 16.4
    55-64 years 278 16.7
    Others 512 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 705 55.8
    Not Married 451 35.7
    Defacto Relationship 108 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1332 83.1
    New Zealand 33 2.1
    Papua New Guinea 30 1.9
    United Kingdom 106 6.6
    Other 34 2.1
    Others 68 4.2
    Country of Birth
    Census Count Percent(%)
    Christianity 889 59.1
    No Religion 592 39.4
    Buddhism 10 0.7
    Judaism 7 0.5
    Other Religious Groups 6 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 51 10.7
    $1,250-$1,499 41 8.6
    $1,500-$1,999 75 15.8
    $2,000-$2,499 61 12.8
    $2,500-$2,999 48 10.1
    Others 199 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 522 39.9
    Not in the labour force 380 29.0
    Employed, worked part-time 311 23.8
    Employed, away from work 55 4.2
    Unemployed, looking for work 41 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 150 16.8
    Professionals 162 18.2
    Technicians & trades workers 167 18.7
    Community & personal service workers 86 9.6
    Clerical & administrative workers 138 15.5
    Others 189 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 34 7.8
    Infants/Primary 142 32.4
    Secondary 149 34.0
    Technical or Further Educational Institution 44 10.0
    University or other Tertiary Institutions 60 13.7
    Others 9 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1565 98.7
    Semi-detached, row or terrace house, townhouse 8 0.5
    Flat, unit or apartment 7 0.4
    Caravan, cabin, houseboat 5 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 264 49.3
    Fully owned 223 41.7
    Rented 48 9.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals