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Suburb Insights ยท VIC 3160

Belgrave 3160, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Belgrave is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 3,894, making it a boutique locality. Located approximately 36 km from the Melbourne CBD, Belgrave is a outer metro area in Victoria. The median household income is $114,504 AUD per year (ABS 2021 Census).

Investment Score

70 / 100 Good

Belgrave benefits from a high-income resident base, supporting premium property pricing. The outer location offers affordability but may see slower price appreciation.

Location

Map shows Belgrave, Victoria, Australia.

Key Indicators

Postcode
3160

Official Australia Post postcode for Belgrave. A postcode may cover multiple suburbs.

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Population
3,894

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$401/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$114,504/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
36 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,863/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
94% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Belgrave's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $401/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,863/month. A median household income of $114,504/year supports premium property values and indicates a well-employed resident base. 94% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Belgrave over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Belgrave's current market.

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Renovation / Flip

The resale market in Belgrave may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Belgrave property

Full Property Analysis

30-year projections for Belgrave

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Strong

Growth in Belgrave through 2026 will likely be steady rather than spectacular, tracking the wider market. The rental market in Belgrave should see steady occupancy, with moderate upward pressure on rents. Belgrave remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Belgrave a good suburb for investment?

Belgrave is a outer metro area in Victoria with a population of 3,894. The median rent is $401/week and the median household income is $114,504/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Belgrave?

Key demand drivers in Belgrave include affordability relative to inner suburbs and expanding infrastructure. 94% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Belgrave?

According to the ABS 2021 Census, Belgrave has a population of approximately 3,894. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Belgrave from the Melbourne CBD?

Belgrave is approximately 36 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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