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Belgrave

POSTAL CODE: VIC, 3160
HOUSE

Property investors have seen a 2.43% gain in BELGRAVE based on an increase in median home prices for the past three months.

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 $989,000

Profits averaged 0% 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 N/A based on current median home prices for the suburb.

The gross rental yield in BELGRAVE, 3160 is N/A.

An average of 1.5 real estate transactions take place per month in BELGRAVE which translates to 18 per annum.

Surburb overview

Belgrave is an outer-eastern suburb of Melbourne located within the Shire of Yarra Ranges at the western edge of the Dandenong Ranges. The suburb is situated approximately 36 kilometres east of the Melbourne central business district and serves as a gateway between metropolitan Melbourne and the hills communities to the east.

Belgrave recorded a population of around 3,900 residents at the 2021 census, reflecting its compact size and village-style settlement pattern. The demographic profile includes a mix of families, older residents and smaller households, with a median age slightly above the metropolitan average.

Homeownership rates are relatively high, though a notable proportion of households are renters compared with those in nearby hillside suburbs. Housing in Belgrave is predominantly detached dwellings, many of which are located on sloping blocks surrounded by mature vegetation. Residential density is low, with limited townhouse or apartment development and strong environmental and heritage considerations influencing new housing.

Public transport access is a defining feature, with Belgrave railway station serving as the terminus of the Belgrave line. The station provides direct train services to the Melbourne CBD and the eastern suburbs, and serves as a central transport hub for communities in the surrounding Dandenong Ranges.

Belgrave is also the Melbourne terminus of the Puffing Billy Railway, a heritage steam railway that contributes to local tourism and employment. Road access is primarily via Burwood Highway, which connects the suburb to Upper Ferntree Gully, Ferntree Gully and broader arterial networks.

Local retail and service amenities are concentrated around the Belgrave village centre, which includes supermarkets, cafés, specialty retailers, medical clinics and professional services. The village also supports community facilities and public spaces that serve both residents and visitors. Educational facilities include a local primary school, with secondary schools located in nearby suburbs and accessible by train or car.

Recreational amenities are closely tied to the natural environment, with immediate access to the Dandenong Ranges National Park. Bushwalking tracks, picnic areas, and forest reserves support nature-based recreation and tourism. Local parks, reserves and community spaces provide opportunities for informal recreation and events.

Employment among residents spans retail, tourism, education, health care and professional services, with many commuting to employment centres across Melbourne. Belgrave’s identity is shaped by its role as a rail terminus, its village centre, its tourism activity, and its close connection to the forested landscapes of the Dandenong Ranges.

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