belmont

3216, Victoria

Real Estate & Property Information

Median
Price Rank
442

belmont Suburb Profile & Review

Belmont is an established residential suburb in Geelong's south, bounded by the Barwon River and Waurn Ponds Creek. Belmont Common is a large stretch of parkland set along the Barwon River. Once a gathering ground for early aviators, the area is now a relaxing riverside haven for residents. It features numerous sports ovals, a wildlife reserve, the Barwon Valley Public Golf Course and the Belmont Sunday market.

There are nine schools in Belmont, including Oberon High School and Belmont High School; two of the largest state schools in Geelong. Though most residents prefer to drive, numerous bus routes travel through the suburb on their way to the city, Highton and Grovedale. Road coaches to coastal towns Torquay, Lorne and Apollo Bay also pick up passengers in the area.

High Street is the largest strip shopping centre in Geelong and its coffee shops, restaurants, supermarkets, hairdressers and medical centres are constantly abuzz with activity. Five minutes down the road you will find Waurn Ponds Shopping Centre, which features over eighty specialty stores.

belmont Demographic Data

$ 350,000 Median House Price

62 Minutes Average Commute

39 Median Age

13,616 Population

51.88 % Female

48.12 % Male

3538 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in belmont, Victoria.

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belmont Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

belmont Median House Prices

  • 2008 $ 261,750
  • 2009 $ 265,000
  • 2010 $ 290,000
  • 2011 $ 337,500
  • 2012 $ 350,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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belmont 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in belmont have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term belmont property price predictions.

belmont Market Property Types

  • 78 % Seperate House
  • 9 % Semi Detached
  • 10 % Flat or Unit
  • 4 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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belmont Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

belmont Income & Mortgage Stats

  • $ 957 Median Weekly Household Income
  • $ 1,517 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in belmont

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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belmont Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

belmont Sold Property Prices

belmont Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

belmont Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

belmont Cafes

  • Zen Artisan Cafe Bakery153 High Stbelmont VIC 321603 5244 1488
  • The Coffee Kitchen159b High Stbelmont VIC 321603 5244 1166
  • Coffee By DesignShop 3, 33 Thomson Streetbelmont VIC 321603 5244 2002

belmont Schools

  • Clairvaux Primary School45-75 Reynolds Roadbelmont VIC 3216(03) 5243 7102Catholic Primary School
  • Barwon Valley School76-94 Laura Avenuebelmont VIC 3216(03) 5243 1813Specialist School
  • Christian College Junior Campus39 Broughton Drivebelmont VIC 3216(03) 5241 1565Private School

belmont Childcare

  • Alexander Thomson Preschool48 Thomson Streetbelmont VIC 3216
  • Waurnvale Drive ELCWaurnvale Drbelmont VIC 3216
  • City Learning & Care84 Reynolds Roadbelmont VIC 3216

belmont Kindergarten and Preschools

  • Belmont Community Kinder44 Kidman Avenuebelmont VIC 3216
  • Waurnvale Drive ELCWaurnvale Drbelmont VIC 3216

belmont Sporting Centres and Clubs

  • Belmontbelmont VIC 3216Croquet Club
  • Geelong Small Bore Rifle Clubbelmont VIC 3216Gun Club
  • Barwon Valleybelmont VIC 3216Golf Course

Find out How Much your House is Worth in belmont

Request a free market Basic Report for belmont to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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