Belgrave

Belgrave, VIC 3160 is a vibrant suburb with a population of 3,894. The community is diverse in age, with a mix of young families, professionals, and retirees. The median weekly household income is above average. The suburb offers various commuting options, with a significant number of residents working from home. For house investors, Belgrave shows potential for renovation projects due to the high sale price IQR ratio. The suburb has a strong market absorption rate, indicating high buyer demand. Additionally, there is a notable demand for renting out rooms. For unit investors, the median growth rate is positive, and there is a good balance between room demand and supply. Belgrave, VIC 3160 offers a desirable lifestyle with diverse demographics and good connectivity. House investors may find opportunities for renovation projects, while unit investors can benefit from the positive median growth rate. The suburb's high market absorption rate suggests a competitive property market with strong buyer demand. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022