Suburb Profile Report for Belgrave VIC (3160)

Belgrave House: Median price $666,000, Annual capital growth 7.57%, Number of sales 80, Weekly median advertised rent $450

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

Giving property investors a a solid capital gain of 11.93% for the last year, Belgrave, 3160 is the 767th highest performer in Australia in this respect.

The five-year average increase in median property values for Belgrave,3160 has given property investors a potential capital gain of 63.64% across each of those five years.

Our latest figures would indicate that property sellers in Belgrave are currently offering property investors an average price cut of -4.65% below the asking price at the moment.

Belgrave is 238th on a list of best yielding suburbs for rents in VIC with a 3.51% return

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
$666,000 N/A
2.46% N/A
11.93% N/A
7.57% N/A
$450 N/A
80 N/A
3.51% N/A
28.2 N/A

Source: CoreLogic

DSR Score for property investment : Very 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
Chart Table
Recent sales & rentals