Property investors who have had real estate in Belgrave, 3160 should be ok 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 6.47%
While Belgrave,3160 ranked number 549th in VIC for increase in median house value (annualised) increase, it is ranked 182th over the last 5 years.
Vendor discounting in Belgrave is giving property investors an average Vendor Discount of around -3.76%. This puts suburb at number 508th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
Belgrave is situated 35km from Melbourne and its approximate population is 4,000. The most notable attraction is the steam operated Puffing Billy Railway, which was restored and re-opened in 1962. Other attractions include the 1,000 steps, Sherbrooke Forest and the Dandenong Ranges State Park
Information supplied by:
Harcourts Essential Real Estate
Belgrave is situated 35km from Melbourne, Yarra ranges is the local council, approx population is 4,000. The most notable attraction in Belgrave is the steam operated puffing billy railway which was restored and re opened in 1962 (after restoration) travelling its way 24kms to Gembrook. Other attractions include the 1000 steps, Sherbrooke forest and the Dandenong ranges state park
Excellent lifestyle , numerous parks and attractions, good community schools and public transport.
Most sought-after properties:
Contemporary homes mixed with character cottages and timber homes
Most common properties:
Quaint timber cottages
Parks, gardens gymnasium, cafes and retailshops, public reserves and Belgrave lake park.
Local industry and business:
Primarily tourist and retail businesses
Numerous new businesses opening to cater for the tourist trade.
Wattle avenue, terry’s ave, best st, bayview ave.
Public transport: buses, trains
Main arteries: Wellington rd with direct access to eastlink and monash freeway