Suburb Profile Report for Belmont VIC (3216)

Belmont House: Median price $526,000, Annual capital growth 6.67%, Number of sales 270, Weekly median advertised rent $380

Belmont Unit: Median price $413,000, Annual capital growth 5.73%, Number of sales 89, Weekly median advertised rent $340

  • 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
  • Unit Report

With a capital gain of 0.19% for the last 12 months, Belmont, 3216 has performed for property investments than its average annual 6.67% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmont has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belmont, 3216. Typically our figures indicate that -5.73% is being offered, which puts this VIC suburb at 2216th most discounted overall in Australia.

In the last year 270 properties changed hands in Belmont, which puts it as the 48th most active market in VIC when comparing the number of sales per suburb.

VIC has seen average median house prices change by 0.10% which means that Belmont, 3216 has done well for property investors by showing a capital gain of 8.12% over the last year

Over the longer term, Belmont has seen property prices show investors a 41.73% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 162th in VIC when ranking the most discounted suburbs.

With the median price for a house in Belmont being $413000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.28%

Metrics i HOUSE UNIT
$526,000 $413,000
-1.87% 0.73%
0.19% 8.12%
6.67% 5.73%
$380 $340
270 89
3.76% 4.28%
45.1224489795918 46.9295774647887

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 : Very good (H), Very good (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
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