Suburb Profile
Belgrave - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3160
Property investors have seen a 3.88% gain in BELGRAVE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BELGRAVE, 3160 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.66%.
Based on its average 5-year and quarterly capital gains BELGRAVE, 3160 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $650,000
Profits averaged 17.05% per annum over a 3-year period, due to an upward trend in home prices in BELGRAVE, 3160.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in BELGRAVE, 3160 is 3.6%.
An average of 7.25 real estate transactions take place per month in BELGRAVE which translates to 87 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.88% | N/A |
| Median 12 month | 15.66% | N/A |
| Median 3 years | 51.16% | N/A |
| Median 5 years | 60.49% | N/A |
| 10 years average annual | 7.47% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 22.4 days | N/A |
| Gross Rental Yield Percent | 3.6% | N/A |
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