Belgrave is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3160). With a population of 3,894, the suburb has an established demographic with a median age of 38. Households earn a median income of $115K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Belgrave is $800,000, having dipped slightly 1.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,863.
Belgrave is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 9 rail stations, 26 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Belgrave offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($800K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved -1.8% year-on-year.
Belgrave is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3160). With a population of 3,894, the suburb has an established demographic with a median age of 38. Households earn a median income of $115K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Belgrave is $800,000, having dipped slightly 1.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,863.
Belgrave is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 9 rail stations, 26 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Belgrave offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($800K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved -1.8% year-on-year.