Get a property report and suburb profile for any property in Belmont

Belmont sits on the south bank of the Swan River, where riverside reserves and sporting fields sit alongside established residential streets and commercial pockets. Housing ranges from mid-century brick and weatherboard homes to newer units, with light industrial and business areas nearer Perth Airport and the main roads. Day-to-day life centres on the river foreshore, local shops and the Belmont Forum shopping centre, and nearby train stations and arterial routes make the city and the airport easily reachable. The suburb appeals to people who want river access and transport convenience without losing a suburban, lived-in character.

About 6,959 people live in Belmont, with a median age of 36 and a typical household income of $1,557 a week. The community is dominated by couples—37.1% are couple families with children and 42.4% are couple families without children—and homes are slightly more often owner-occupied than rented (54.2% owner-occupied, 45.8% rented). Ongoing local works include a major Belvidere Street streetscape renewal, foreshore stabilisation and lookout upgrades, and local planning references the Perth Airport master plan. Whether Belmont suits you will come down to how much you value river access, transport links and a mixed residential-commercial suburb.

On the figures, housing in Belmont sits well above what a typical local household earned at the last Census. A median house price of $906,000 is about 11.2 times a typical local household's annual income at the last Census (weekly income $1,557 × 52 = $80,964), while the median unit at $550,000 is about 6.8 times that annual income. Renting also takes a large slice of income: $750 a week for a house would be roughly 48% of a typical local household's weekly income at the last Census, and $670 a week for a unit about 43%.

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

Over the past 12 months in Belmont, house values increased 20.6%, a strong rise, and unit values rose 14.5%, also a strong gain. House rents moved up 7.1%, a solid increase, while unit rents rose 11.7%, a strong rise.

This means capital growth was the clearer winner for houses this year, with price growth far outpacing the rent increase, whereas on the unit side value and rent growth were closer, with values still a little higher than rents. If rental income is your priority, unit rents showed the larger rental movement; if capital growth matters more, house values posted the biggest change. Whether that pattern fits your goals and circumstances is for you to decide.

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.