At number 2146th in the list of Australian suburbs ordered by increase in median house value over the last year, Belgrave, 3160 is in the BOTTOM 50% with a property value increase of 3.93% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Belgrave,3160 has racked up an average of 3.93% over the period. This ranks it number 1816th in the whole country for real estate investors looking at median house price increases.
Belgrave, 3160 is offering VIC ‘s 520th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
Often selling an investment property can take time, and in Belgrave the average time real estate has been on the market is 25.54 days.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.52%, without taking into account capital value appreciation, which has been averaging out at 5.80%.
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