Belmont, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Belmont
VICCensus 2021 · Population 15,061
Belmont, VIC, is a suburb with a population of 15,061, characterized by a median age of 37, which is slightly younger than the Victorian average of 38. The gender distribution is relatively balanced, with 48.7% male and 51.3% female residents. The suburb has a diverse age distribution, with 6.3% of the population aged 0-4 years and 5.8% aged 5-9 years. Families in Belmont tend to be a mix of couples with children (40.9%) and couples without children (39.6%), with a notable percentage of single-parent households (17.1%).
Key Highlights
- High percentage of separate houses - 77.7% (vs VIC 73.4%)
- Significant professional workforce - 27.4% are professionals
- Above average education levels - 30.3% hold a bachelor's degree or higher (vs VIC 29.2%)
- Diverse cultural background with 79.0% born in Australia
- Relatively low unemployment rate at 4.6% (vs VIC 5.0%)
Things to Consider
- Median household income is below the Victorian average at $1,517 weekly (vs VIC $1,759)
- Higher percentage of rented properties at 35.1% (vs VIC 28.5%)
- Lower work-from-home rate at 19.4% (vs VIC 25.7%)
- Public transport usage is low at 2.4%
- Higher prevalence of mental health conditions at 12.3%
What's it like living here?
Daily life in Belmont is characterized by a strong sense of community, with 60.5% of households being family households. The average household size is 2.3 people, reflecting a mix of family and single-person living arrangements. Commuting patterns show that 57.0% of residents drive to work, while 19.4% work from home, which is below the Victorian average of 25.7%. Public transport usage is low at 2.4%, indicating a reliance on personal vehicles.