Belgrave has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.11% to date .
Over the longer term, Belgrave has seen property prices show investors a 34.94% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Belgrave is giving property investors an average Vendor Discount of around -1.56%. This puts suburb at number 620th in VIC when ranking the most discounted suburbs.
Residents and property investors in Belgrave have been waiting around 21.13 days to sell a property.
Belgrave is 281th on a list of best yielding suburbs for rents in VIC with a 3.76% return
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