Belmont

Belmont, VIC 3216 is a vibrant suburb with a population of 15,066, experiencing steady population growth over the past decade. The demographic profile is diverse, with a mix of age groups represented. The suburb offers a range of commuting options, with a notable percentage of residents working from home. Residents have access to a good mix of occupations, with a significant number in managerial and professional roles. The suburb's educational advantage, as indicated by the ICSEA percentile, is moderate. For houses in Belmont, the suburb presents an opportunity for investors interested in renovating properties, given the high sale price IQR ratio. With a strong market absorption rate, low vacancy rate, and median growth rate of 4.5%, houses in Belmont offer potential for capital appreciation. On the other hand, units in Belmont have shown a higher sale price IQR ratio, indicating it could be a good suburb for developers or investors interested in value-adding opportunities, supported by a high market absorption rate and rental yield of 4.6%. Belmont, VIC 3216 is a bustling suburb with diverse demographics and a range of amenities. With opportunities for both renovators in houses and developers/investors in units, the suburb presents a promising investment landscape. The strong market absorption rates, low vacancy rates, and steady population growth make Belmont an attractive option for property buyers and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022