Wes Thornton

Posted on 02 Aug 2023

Exploring the Booming Suburb of Belmont, Victoria:

Exploring the Booming Suburb of Belmont, Victoria:

Image: Paddington Cafe: 134B High St, Belmont VIC 3216 - Be sure to drop in and say hi!

Introduction: Nestled in the heart of Victoria, Belmont 3216 has emerged as an exciting and vibrant suburb, capturing the attention of both residents and investors alike. Over the past few years, this suburb has witnessed remarkable growth in the median house price of 7.48% pa over the last 10 years, evident through the influx of new residents, rising property prices, and increased demand for rentals. In this blog post, we will delve into the core logic and other statistics covering the population growth, property market trends, and other interesting facts about Belmont 3216 to June 30, 2023.

Population Growth: Belmont's appeal has been a driving force behind its population surge to 15,066 locals. Situated only 67km from Melbourne CBD can be attributed to the influx of new residents chasing various factors such as proximity to major amenities, educational institutions, and recreational facilities, making it an attractive choice for families and young professionals.

Property Market Trends: The real estate market in Belmont has been thriving during this period, showcasing a robust performance in house prices. According to core logic data, the median house price in the suburb has experienced significant growth, reflecting an upward trend in property values. This growth trajectory has made Belmont an enticing destination for investors seeking capital appreciation and long-term returns on their investments.

Rental Demand: As the population continues to grow, so does the demand for rental properties in Belmont. The rental market in the suburb has been consistently active, with a steady stream of tenants seeking accommodation in this sought-after location. Rental properties in Belmont have been in high demand, offering landlords a compelling opportunity for steady rental income.

Infrastructure and Development: Belmont's growing popularity has spurred significant development in recent years. The suburb has seen the emergence of new dining options, enhancing the overall lifestyle of its residents. Additionally, ongoing investment in public transport and road networks surrounding Belmont will improve connectivity to neighbouring suburbs and the coast, further boosting Belmont's appeal.

Educational Opportunities: Families with children find Belmont especially appealing due to its excellent range of educational facilities. The suburb boasts reputable schools and educational institutions, providing residents with quality education options and nurturing a strong sense of community.

Childcare and Kindergartens

Community Spirit and Amenities: Beyond the statistical data, Belmont is known for its warm community spirit and abundant amenities. Residents here enjoy a harmonious and friendly environment, with numerous parks, green spaces, and recreational facilities that promote an active and healthy lifestyle. The suburb's lively social scene, brings people together, creating a close-knit community feel.

Conclusion: It's evident that Belmont 3216, Victoria, has flourished as a suburb in the past few years. With its population growth, thriving property market, increasing rental demand, and overall development, Belmont stands out as a prime destination for both homebuyers and investors.

If you're looking for a suburb that offers a perfect balance of community spirit, amenities, and real estate opportunities, Belmont could be the ideal choice. Embrace the growth and potential that this vibrant suburb has to offer, and experience a fulfilling life in the heart of Victoria.

Whether you are looking to buy, sell, need a rental property or would like your investment property professionally managed then be sure to speak to our team.