Suburb Profile Report for Belmont VIC (3216)

Belmont House: Median price $440,000, Annual capital growth 6.13%, Number of sales 299, Weekly median advertised rent $345

Belmont Unit: Median price $315,000, Annual capital growth 4.75%, Number of sales 97, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 12.24% for the last 12 months, Belmont, 3216 has performed for property investments than its average annual 6.13% property growth over the last 5 years.

Across a shorter period, Belmont, 3216 has seen a median price increase of 3.53% over the last quarter.

Belmont3216 is located in VIC which offers an average discount of -5.91% to property investors. Belmont itself is showing figures that indicate -5.95% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Belmont have been waiting around 47.41 days to sell a property.

Belmont, 3216’s gross rental yield is 4.08%

Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 9.19%. This compares favourably with the 3.49% for VIC as a whole.

A 14.55% growth in median value for property investors in Belmont,3216 puts this suburb at number 25th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Belmont should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.

At number 787 in a list of fastest selling suburbs, Belmont is just in the bottom half of suburbs in Australia with an average of days on market 79.38 for properties listed there.

With the median price for a house in Belmont being $315000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 4.87%

Metrics i HOUSE UNIT
$440,000 $315,000
3.53% 6.96%
12.24% 9.19%
6.13% 4.75%
$345 $295
299 97
4.08% 4.87%
47.41 79.38

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 13616
Median household income ($/weekly) 957
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1437 10.6
    25-34 years 2010 14.8
    35-44 years 1752 12.9
    45-54 years 1686 12.4
    55-64 years 1501 11.0
    Others 5231 38.4
    Age Group
    Census Count Percent(%)
    Not Married 4706 46.0
    Registered Married 4526 44.3
    Defacto Relationship 988 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 11053 85.4
    Indonesia 134 1.0
    Papua New Guinea 124 1.0
    United Kingdom 598 4.6
    Other 227 1.8
    Others 809 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 1.0
    Christianity 8211 66.7
    Hinduism 100 0.8
    Other Religious Groups 88 0.7
    No Religion 3682 29.9
    Others 98 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 524 10.0
    $400-$599 723 13.8
    $600-$799 622 11.9
    $1,000-$1,249 532 10.2
    $1,500-$1,999 625 12.0
    Others 2202 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4145 38.2
    Employed, worked full-time 3756 34.7
    Employed, worked part-time 2183 20.1
    Unemployed, looking for work 382 3.5
    Employed, away from work 371 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1421 22.5
    Technicians & trades workers 1013 16.1
    Community & personal service workers 709 11.2
    Clerical & administrative workers 838 13.3
    Sales 682 10.8
    Others 1645 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 189 6.3
    Infants/Primary 899 30.1
    Secondary 791 26.5
    Technical or Further Educational Institution 356 11.9
    University or other Tertiary Institutions 642 21.5
    Others 112 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10707 84.7
    Flat, unit or apartment 857 6.8
    Semi-detached, row or terrace house, townhouse 768 6.1
    Caravan, cabin, houseboat 294 2.3
    House or flat attached to a shop, office 19 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2096 37.3
    Being purchased 1773 31.5
    Rented 1719 30.6
    Other tenure type 33 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals