Belgrave is in the bottom 40% in VIC when comparing median price capital growth over the last year. Belgrave gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.85%.
The five-year average increase in median property values for Belgrave,3160 has given property investors a potential capital gain of 37.05% across each of those five years.
Belgrave3160 is located in VIC which offers an average discount of -6.04% to property investors. Belgrave itself is showing figures that indicate -2.75% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Belgrave the average time real estate has been on the market is 23.17 days.
Advertised rents are around the $420 mark per week – giving a return of 4.30% based on the median price in Suburb
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