Belgrave South, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Belgrave South
VICCensus 2021 · Population 1,668
Belgrave South is a family-oriented suburb with a population of 1,668. The median age is 44, which is higher than the Victorian average of 38, indicating a more mature community. The suburb has a high percentage of family households at 84.3%, with 52.5% of families being couples with children. The area is predominantly Australian-born, with 81.5% of residents born in Australia and 92.3% speaking only English at home. Housing in Belgrave South is primarily separate houses, making up 98.2% of the dwellings, with a high rate of home ownership either outright or with a mortgage.
Key Highlights
- High median household income - $2,382 weekly (vs VIC $1,759)
- Low unemployment rate - 4.1% (vs VIC 5.0%)
- Predominantly owner-occupied housing - 91.3% owned
- High percentage of family households - 84.3%
- Significant work-from-home population - 28.9% (vs VIC 25.7%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport options with only 1.7% usage
- Lower percentage of bachelor degree holders - 23.0% (vs VIC 29.2%)
- Low rental market presence - only 5.8% rented
- Limited cultural diversity with 81.5% born in Australia
What's it like living here?
Daily life in Belgrave South is characterized by a strong sense of community and family life. With a significant portion of the population working from home (28.9%), residents enjoy a flexible work-life balance. Commuting is mainly done by car, with 49.2% of residents driving to work, while public transport usage is low at 1.7%. The suburb offers a peaceful environment with a focus on family and community activities.