Yarra Ranges · 3160
Belgrave, VIC
population +7.8% (5y), listings tightening 5.0% YoY.
NextSuburb scoreTier C
46Average
Median house
$715k
5y growth
2.4%/yr
Gross yield
2.9%
Vacancy
1.4%
Late-cycle holdMedium confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)2.4%/yr24/100
- Population growth+7.8% (5y)78/100
- Supply tightening-5.0% YoY75/100
- Rental yield2.9%58/100
- Rental demand1.4% vacancy65/100
- Income growth+16.0% (5y)64/100
- Construction pipelineno nearby pipeline0/100
- Affordability52% under cap52/100
Why this score
Belgrave scores 46/100 (Average). The two strongest signals: 7.8% population growth over five years and 1.4% vacancy rate. The standout watch-out: 5-year growth of 2.4%/yr trails the national pace.
Drivers
- Population growth+7.8% (5y)
- Supply tightening-5.0% YoY
- Tight rentals1.4%
- Income growth+16.0% (5y)
Risks
- Modest 5y growth (2.4%/yr)
- No major construction project in this state
Nearest infrastructure
Suburban Rail Loop East — Glen Waverley17.1 km away
Construction · $5.0bn · completion 2035
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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