Suburb Profile Report for Belgrave VIC (3160)

Belgrave House: Median price $676,016, Annual capital growth 7.29%, Number of sales 72, Weekly median advertised rent $483

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

VIC has seen average median house prices change by 3.76% which means that Belgrave, 3160 has done well for property investors by showing a capital gain of 9.92% over the last year

Belgrave,3160 was ranked 1566 in Australia by increase in median property value over the quarter.

Vendor discounting in Belgrave is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 303th in VIC when ranking the most discounted suburbs.

The VIC suburb of Belgrave, 3160 is in the Yarra Ranges (S) local government area.

Information supplied by:


December 2017

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Known as the home of the famous vintage steam engine Puffing Billy, the suburb of Belgrave has a strongly performing housing market that saw 20% growth in the 12 months leading up to the end of September 2017Full summary

Housing market chugs along

Postcode: 3160

Median house price: $580,000

Three-year growth: 39.8%

Rental yield: 3.6%

Known as the home of the famous vintage steam engine Puffing Billy, the suburb of Belgrave has a strongly performing housing market that saw 20% growth in the 12 months leading up to the end of September 2017.

Sellers have a very easy time unloading houses, as they are usually snapped up by 20 days, on average. The average discount rate is just 2.7%, indicating that buyers are eager to stake claims on properties here.

This is unsurprising considering Belgrave’s thriving commercial scene. It is a hipster’s dream, with numerous cafes serving fair-trade coffee and organic products. There are also restaurants, and a Woolworths. Belgrave has a lively entertainment scene with cinemas, venues for live music and a recording studio.

Belgrave is situated near the Dandenong Ranges National Park and Sherbrooke Forest. St Thomas More’s Primary School and Mater Christi College are established here as well.

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Metrics i HOUSE UNIT
$676,016 N/A
0.67% N/A
9.92% N/A
7.29% N/A
$483 N/A
72 N/A
3.71% N/A
30.6 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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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
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