Fraud Blocker

Belmont, VIC 3216

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Belmont, VIC 3216 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Belmont, VIC 3216”

  1. The total adult population (15 years or older) of Belmont 3216 VIC is 12,473, with a median age of 37. Of those, 38.84% are married, 13.34% are divorced or separated, 41.61% are single and 6.20% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,320. The median monthly mortgage repayment for households in this suburb is $1,703 which is 20.47% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Belmont, postcode 3216, is situated in Victoria and boasts an estimated total of 7575 households. As we delve into the third quarter of 2023, we find that the average property price for houses in this region is recorded at a moderate $677,584. These properties typically fetch a decent weekly rent of $462, yielding a notably acceptable return of 3.55%.

    A quick glance at the socio-economic score reveals an IRSAD rating of 995 out of a possible 1217, signifying that a fair proportion of residents enjoy good economic resources and fall within higher income brackets, making it a suburb with a healthy economic condition.

    The property market in Belmont leans towards a balanced mix of owners and renters, with the renter to owner ratio standing at 35%. Belmont favours houses over units, as represented by the units to houses ratio of just 16%, implying that the suburb may be more favourable with families, and less competition among landlords for potential tenants. However, affordability in Belmont is mildly challenging, with the affordability index stipulating that it would take about 32 years to fully own a property, slightly above the standard 30-year mortgage period.

    The supply metrics further supplement the promising investment outlook for Belmont with a stock on market Percentage of a low 0.19%, indicating a tight supply in the market. Meanwhile, the inventory level signifies an even tighter supply, taking barely over half a month (0.55 months) to exhaust existing listings at the current sales pace. However, the building approvals Ratio sits at 0.42%, implying a potential increase in the supply of homes.

    Demand in Belmont looks promising as well, with the average property spending just 24 days on the market, demonstrating robust demand. The combined vacancy rate for both houses and units stands at 2.93%, indicating a strong demand and limited vacancies. Lastly, the buy search index stands steady at the average of 5, consistent with the state/city average, illuminating a neutrally balanced buyer interest in Belmont.

    In summary, Belmont shows great promise as an attractive property market for potential investors, offering a healthy balance of supply and demand. However, keeping an eye on the affordability index and building approvals Ratio would be prudent for long-term investment success. It’s crucial to remember, though, that while some values may trend toward the unfavorable, as long as the majority of metrics offer a favourable outlook, investment potential remains intact. Belmont’s overall performance can be neatly summarised by the Relative Composite Score (RCS) from HtAG Analytics, providing a quick, comprehensive understanding of over 80 metrics at a glance.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment