Belgrave Heights (postcode 3160) is a small community in Victoria within the Yarra Ranges local government area. The area has roughly 1,398 residents and an established family demographic, with a median age of 40. Households earn a median income of $111K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward construction and education. The top ancestries reported are English, Australian, Scottish.
Belgrave Heights has a median house price of $1.0 million, which has eased back by 2.9% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,900.
Belgrave Heights is served by 1 school, including 1 combined. The average ICSEA score is 1078, which is above the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
On the investment side, Belgrave Heights shows a gross rental yield of approximately 3.0%, rated as moderate yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved -2.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.