Question 1

Is Belmont a nice place to live?

Accepted Answer

Belmont is a well-established riverside suburb of Geelong, sitting along the Barwon River with a mix of parkland and residential streets. Weatherboard cottages and mid-century brick homes sit alongside more recent infill and townhouses, and mature trees and quiet streets give it a settled, lived-in character. The riverbanks and local reserves provide walking and cycling routes, picnic spots and opportunities for boating, while small shopping strips and community facilities cover everyday needs. Commuters use local roads and public transport to reach Geelong, and the suburb’s location keeps both city services and the surf coast within easy reach.

About 15,066 people live in Belmont, with a median age of 37 and a typical household income of $1,517 a week. The community is weighted towards families and owner-occupiers, though more than a third of households rent. Recent and planned local projects include a separated cycling corridor through High Street, a regional pavilion at the Geelong Criterium Circuit, the Belmont Common riverfront activity area with a boat ramp, and an upgraded Winter Reserve facility plan, all of which shape everyday life for residents. Whether Belmont suits you comes down to whether you value river recreation, parkland and an established suburban base with good access to Geelong and the coast.

Question 2

Is it expensive to live in Belmont?

Accepted Answer

Housing costs in Belmont sit above what a typical local household earned at the last Census. The median house price of $740,000 is about 9.4 times a typical local annual household income at the last Census, while the median unit price of $535,500 is about 6.8 times that income. On the rental side, the average house rent of $530 a week would take about 35.0% of a typical local household's weekly income at the last Census, and the average unit rent of $450 a week would take about 29.7%.

Which measure matters depends on your situation: the price multiples indicate buying sits well above local incomes at the last Census, while renting would take a sizeable share for houses and a moderate share for units. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Belmont a good place to invest?

Accepted Answer

Rents have been the stronger mover in Belmont over the past 12 months. House rents climbed a solid 8.2% while median house values rose 5.1%, so the rent a house earns increased faster than its price. On the unit side, rents rose 5.9% while unit values saw a more modest 2.5% increase, so unit rental income also outpaced unit capital growth this year.

If you're weighing Belmont up as an investment, the figures show rental income grew more quickly than capital value over the year, while both houses and units recorded positive value changes. Whether that balance suits your objectives depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$740K	$536K
Change in value Past 12 months	5.1%	2.5%
Sold Past 3 months	65	20
Median days on market Past 12 months	21	28
Average rent Past 12 months	$530	$450
Change in rent Past 12 months	8.2%	5.9%

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