At number 624th in the list of Australian suburbs ordered by increase in median house value over the last year, Belgrave, 3160 is in the top 20% with a property value increase of 15.66% recorded in median house prices.
While Belgrave,3160 ranked number 183th in VIC for increase in median house value (annualised) increase, it is ranked 273th over the last 5 years.
Belgrave, 3160 is offering VIC ‘s 452th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 7.47%, investors should hope to achieve an overall return of 3.60%