SUBURB PROFILE: BELMONT

 

SHOPPING & FOOD

 

High Street is the main street of Belmont, and the go-to spot for many Geelong residents looking for a quick and easy feed. A local favourite is China Town Dumpling, boasted to be one of Geelong’s best Chinese restaurants, and the street is lined with many fast food outlets and grocery stores such as KFC, McDonalds, the Fruit Shack and Coles Supermarket. Of course, High Street is also home to a local favourite: a 24-hour Kmart.

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Lavish Specialty Coffee, also located on High Street, offers speciality coffee as well as paleo and raw vegan breakfast and lunch meals. It has been dubbed “great coffee even for coffee snobs”, “raw food heaven” and “the best coffee in town” by locals online.

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Image: Lavish Specialty Coffee. Source: instagram.com/lavish_coffee

SCHOOLS

 

Belmont hosts 3 primary schools, Belmont Primary School, Roslyn Primary School and Oberon Primary School, as well as one Catholic school, Clairvaux Catholic School. There is also Belmont High School which offers years 7 – 12.


PARKS

 

Located adjacent to the beautiful Barwon River is Belmont Park. The park also boasts a multi-purpose community hall which is available to hire. The Belmont Common sits between the Barwon River and Barwon Heads Road in Belmont, and is also a popular spot for many recreational activities.

In the scenic surroundings of the Barwon Valley course, you will often find golfers playing, and on Sundays, the Barwon Valley Activity Centre attracts crowds to its buzzing market.

Winter Reserve is home to a netball court, a basketball half court, a hard wicket ground and a turf wicket oval. It additionally boasts playground equipment, and the McDonald Reserve also has high standard sporting and social facilities, a newly refurbished playground and a picnic area.

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Image: McDonald Reserve, Source: http://www.geelongaustralia.com.au/parks/item/mcdonald.aspx

TRANSPORT

 

Belmont is well serviced by Bus and Taxi services. The closest train station to Belmont is South Geelong Station, and the ride into Melbourne takes approximately 1 hour.

INVESTMENT REPORT

 

The median house price in Belmont was approximately $400,000 in November 2016, compared to about $350,000 in November 2013. However, investment property in Belmont provided investors with a capital gain of only 4.22%, which compares poorly to the 7.8% for Victoria as a whole. This means that when compared to Victoria as a whole over the last 12 months, the median house price only increased by 4.22%.

Belmont has a high demand market, with 984 visits per property in Belmont, compared to the average of Victoria being 612 visits per property. Property investors should expect approximately $340 weekly from the median priced house in this suburb, and the median property price is currently valued at $420,000.

SUBURB DEMOGRAPHICS

 

Statistics show that the majority of Belmont residents are not married, (56%) and the minority group consists of families (44%). The average age of Belmont residents is within the 20 – 39 age group.