Investment property in Belgrave has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.68%
When looking at the potential capital gains offered to property investors over the last 3 years, Belgrave comes in at number 241th in VIC.
Sellers are offering property buyers an average discount of -2.42% to buyers in Belgrave at the moment, which is less than average for the rest of VIC.
At number 18 in a list of fastest selling suburbs, Belgrave is in the TOP 10% of suburbs in Australia with an average of days on market 24.79 for properties listed there.
Renters in Suburb are facing rents around $4950 per annum or $412.5 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