Suburb Profile Report for Belgrave South VIC (3160)

Belgrave South House: Median price $782,500, Annual capital growth 8.55%, Number of sales 10, Weekly median advertised rent $425

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Over the last year, property investments in Belgrave South, 3160 have given investors a capital gain of 17.85%. This compares very favourably with the 6.28% for VIC as a whole.

Belgrave South,3160 was ranked 367 in Australia by increase in median property value over the quarter.

Belgrave South3160 is located in VIC which offers an average discount of -6.01% to property investors. Belgrave South itself is showing figures that indicate -5.17% is the average achievable by property buyers investing in the suburb.

In the last year 10 properties changed hands in Belgrave South, which puts it as the 734th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $425 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$782,500 N/A
6.97% N/A
17.85% N/A
8.55% N/A
$425 N/A
10 N/A
2.82% N/A
51.5 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1661
Median household income ($/weekly) 1541
Median age of persons 42
Median housing loan repayment ($/monthly) 1623
Average household size 3
  • Census Count Percent(%)
    5-14 years 248 14.9
    25-34 years 147 8.8
    35-44 years 204 12.3
    45-54 years 273 16.4
    55-64 years 278 16.7
    Others 512 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 705 55.8
    Not Married 451 35.7
    Defacto Relationship 108 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1332 83.1
    New Zealand 33 2.1
    Papua New Guinea 30 1.9
    United Kingdom 106 6.6
    Other 34 2.1
    Others 68 4.2
    Country of Birth
    Census Count Percent(%)
    Christianity 889 59.1
    No Religion 592 39.4
    Buddhism 10 0.7
    Judaism 7 0.5
    Other Religious Groups 6 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 51 10.7
    $1,250-$1,499 41 8.6
    $1,500-$1,999 75 15.8
    $2,000-$2,499 61 12.8
    $2,500-$2,999 48 10.1
    Others 199 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 522 39.9
    Not in the labour force 380 29.0
    Employed, worked part-time 311 23.8
    Employed, away from work 55 4.2
    Unemployed, looking for work 41 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 150 16.8
    Professionals 162 18.2
    Technicians & trades workers 167 18.7
    Community & personal service workers 86 9.6
    Clerical & administrative workers 138 15.5
    Others 189 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 34 7.8
    Infants/Primary 142 32.4
    Secondary 149 34.0
    Technical or Further Educational Institution 44 10.0
    University or other Tertiary Institutions 60 13.7
    Others 9 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1565 98.7
    Semi-detached, row or terrace house, townhouse 8 0.5
    Flat, unit or apartment 7 0.4
    Caravan, cabin, houseboat 5 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 264 49.3
    Fully owned 223 41.7
    Rented 48 9.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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