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Belmore Suburb Insights
VICLocation Information
Suburb Name
Belmore, VIC
Distance from CBD
24.8 kmDemographics
Population
12,718
Median Income
$26,208
Area Information
Area
2.73 km²
Population Density
4659 people/km²
Property Market
Median Price
$988,451
Annual Growth
+8.2%Property Price Trend Analysis
Current Median Price
$988,451
Annual Growth
+8.2%
Quarterly Growth
+4.2%
Price Trends - Last 6 Months
2024-01
$353,104
+10.1%2024-02
$810,244
+10.9%2024-03
$585,260
+6.1%2024-04
$573,646
+15.2%2024-05
$414,159
+17%2024-06
$1,004,714
+9.4%Property Type Price Analysis
House
Median Price
$1,583,354
Growth Rate
+5.8%Available Listings
112 properties
Apartment
Median Price
$538,630
Growth Rate
+9.9%Available Listings
334 properties
Townhouse
Median Price
$565,395
Growth Rate
+16.6%Available Listings
223 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy