Suburb Profile Report for Belgrave VIC (3160)

Belgrave House: Median price $482,750, Annual capital growth 5.80%, Number of sales 80, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

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%.

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
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
Full summary
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
 
Selling points: 
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
 
Top amenities: 
Parks, gardens gymnasium, cafes and retailshops, public reserves and Belgrave lake park.
 
Local industry and business:
Primarily tourist and retail businesses
 
Recent changes: 
Numerous new businesses opening to cater for the tourist trade.
 
Best streets: 
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
 
Close
HOUSE UNIT
$482,750 N/A
0.00% N/A
3.93% N/A
5.80% N/A
$420 N/A
80 N/A
4.52% N/A
25.54 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
Find a mortgage broker in Belgrave VIC
Demographics
Total population 3966
Median household income ($/weekly) 1387
Median age of persons 36
Median housing loan repayment ($/monthly) 1647
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 530 13.4
    25-34 years 478 12.0
    35-44 years 694 17.5
    45-54 years 585 14.7
    55-64 years 520 13.1
    Others 1160 29.2
    Age Group
    Census Count Percent(%)
    Registered Married 1324 45.6
    Not Married 1200 41.3
    Defacto Relationship 382 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3115 82.0
    New Zealand 32 0.8
    Papua New Guinea 67 1.8
    United Kingdom 294 7.7
    Other 73 1.9
    Others 216 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 2.0
    Christianity 1653 47.0
    Islam 22 0.6
    Other Religious Groups 56 1.6
    No Religion 1697 48.2
    Others 20 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 122 9.8
    $1,000-$1,249 133 10.6
    $1,250-$1,499 127 10.2
    $1,500-$1,999 195 15.6
    $2,000-$2,499 135 10.8
    Others 537 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1259 41.7
    Not in the labour force 849 28.1
    Employed, worked part-time 697 23.1
    Unemployed, looking for work 109 3.6
    Employed, away from work 106 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 11.6
    Professionals 544 26.4
    Technicians & trades workers 336 16.3
    Community & personal service workers 236 11.5
    Clerical & administrative workers 272 13.2
    Others 433 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 90 8.3
    Infants/Primary 353 32.4
    Secondary 304 27.9
    Technical or Further Educational Institution 107 9.8
    University or other Tertiary Institutions 181 16.6
    Others 53 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3503 93.5
    Semi-detached, row or terrace house, townhouse 231 6.2
    Flat, unit or apartment 7 0.2
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 817 59.8
    Fully owned 386 28.2
    Rented 156 11.4
    Other tenure type 8 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals