Yarra Ranges Shire
Belgrave

Belgrave Property Market
& Suburb Profile

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MEDIAN PRICES IN BELGRAVE

Median house price

(all agencies, last 12 months)$855k*

House price change

(all agencies, last 12 months)+6.88%

Median unit price

(all agencies, last 12 months)$865k*

Unit price change

(all agencies, last 12 months)+33.08%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BELGRAVE PRICE TRACKER

HousesUnits

BELGRAVE SALES OVERVIEW

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)20

Average days on market (units)

(all agencies, 12 months)23

Auction clearance rate in Belgrave

(all agencies, last 12 months)100%

Average held period in Belgrave

(proptrack)10 years

BELGRAVE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$686pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$559pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)4.21%

Average rental yield for Units

(all agencies, last 12 months)4.44%

Belgrave total population size

(as at the last census)3,894

Median household size in Belgrave

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

BELGRAVE PROPERTY TYPES

  • Houses 66%
  • Units 1%
  • Other 33%

OCCUPANCY IN BELGRAVE

  • Owned 91%
  • Rented 7%
  • Other/Not Stated 2%
  • Singles 19%
  • Families 79%
  • Other 3%

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ABOUT BELGRAVE

Belgrave offers a unique blend of vibrant village culture and tranquil forest living at the gateway to the Dandenong Ranges.

Located approximately 35 kilometres east of Melbourne, this suburb serves as a major hub for the hills community, balancing tourism with a deeply felt local spirit. The lifestyle is defined by the lush canopy of the Sherbrooke Forest, featuring extensive walking trails, picnic grounds, and the iconic Puffing Billy heritage steam railway. The township acts as a lively centre for entertainment and dining, featuring the historic Cameo Cinema, live music venues, and a diverse range of artisan cafes and specialty stores.

Property in the area is notably diverse, ranging from charming 19th-century timber cottages and Edwardian-style residences to mid-century family homes and more contemporary builds, often set on elevated, sloping blocks to capture stunning views. Families are well-catered for with several local schools, and the suburb remains highly accessible via its own railway station.

Education

Mater Christi College
St Thomas More's School
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SALES COMPARISON

Find out how Belgrave median sales prices compare to neighbouring suburbs.

BELGRAVE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202667$860,0006.88%9$623pw4.33%
202567$709,5000.61%18$612pw4.12%
202485$777,5001.23%13$584pw4.17%
202371$815,000-4.90%23$608pw3.81%
202267$857,0289.18%24$547pw3.51%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202667$860,000+6.88%
202567$709,500+0.61%
202485$777,500+1.23%
202371$815,000-4.90%
202267$857,028+9.18%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20269$623pw4.33%
202518$612pw4.12%
202413$584pw4.17%
202323$608pw3.81%
202224$547pw3.51%

BROWSE MORE SUBURBS

Tecoma

Selby

Belgrave Heights

NEWS & INSIGHTS

The Hidden Costs of Buying a House in Victoria: What Every Buyer Needs to Know

Green Flags: How to Spot a Reliable Real Estate Agency in a Crowded Market

The New Portable Rental Bond Scheme: What It Means for Victorian Renters and Rental Providers

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 July 2025 to 31 July 2026, last updated 31 July 2026.