VIC Registered Law Firm, LEAD Conveyancing

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Belmont is a suburb in Victoria with a population of more than 13,000 people. This suburb has been doing quite well in the real estate industry. Over the last three years, it has posted a positive capital gains, which makes it the 427th locality in Victoria with the highest capital gains appreciation rate.

For last year alone, Belmont posted about 15.79%, which is higher than what was recorded over the last five years. As more people migrate to the area, the demand for housing has steadily gone up and shows no sign of abating. It is also one of the best-performing suburbs in Australia for its capital gains.

Currently, the median price of a home in the area stands at $660,000 though units and apartments cost much less. Also, the rental market is doing well with a constant demand for single and family units. The average rent in Belmont is $400, with a rental yield of 3.15%.  So rental investors stand to earn good income from their investments. 

Also, investors have enjoyed a 4.76% increase in median home prices over the last few years, and the income rise started at the start of the year. From all indications, the rise may likely continue to stabilize as the economy opens up in light of the easing of pandemic restrictions.

If you are looking to invest in real estate, Belmont is one of the best locations in Victoria to pitch your tent. With a young working class population, the demand for housing will continue to increase as the population grows and more people move into the locality. 

Here are some more details about the Belmont property market

• The ten-year growth estimate stands at 6.67%
• The area is the 1127th spot investors are interested in
• The average mortgage repayment is $1400-$1700
• Belmont’s predominant age bracket is 20-29 years
• About 67.2% of homes in Belmont are owner-occupied

Belmont has an interesting real estate scene with lots of investment opportunities for new entrants. If you wish to increase your real estate portfolio, Belmont is a great place to start. However, you can’t do it all on your own. You need the help of a property Conveyancing expert. 

A property conveyancer is an experienced expert who handles the documentation and property registration on behalf of buyers and sellers. The services offered by this professional are numerous and highly varied, and they play an important role in ensuring a smooth transition from a former owner to a new owner.

The service they offer you will help you complete the documentation process on time and ensure that there are no errors in any of your documents. They also help with the negotiation process and the settlement process as well.

In fact, when you hire experienced conveyancers, there can be no margin for error as the professional will secure your investment and protect you from potential loss or mistakes with financial consequences.

In Belmont, LEAD Conveyancing is one of the best for all property registration, settlement, documentation, and transfer. If you want a stress-free and seamless process, you need to work with the best, and Lead is one of the best there is.

Belmont is located in the southern suburb of Victoria, Australia, and the name means “Beautiful Hill.” This locality is separated from the central business district, not Geelong, which is why it is often called Belmont Geelong. 

Belmont is primarily a residential area with a small industry located along the Barwon Heads Road. Going by tut last population census, Belmont has a 13,616 population.

Some 25,000 years ago, the area was occupied by the Wathaurong people who lived in the area until 1836, when Drm Alexander Thompson established a pastoral range in the area. Thompson was the mayor of Geelong, and he managed the site from his Kardinia homestead.

Despite the development brought by white settlers, the area didn’t have a secure bridge over the Barwon River until 1848. Years later, in 1852, the bridge was swept off by a flood, so Belmont remained without a bridge until 1853, when punts were merged together to form a bridge.  By the late 1850s, the town began to develop, and its first Post Office was opened in January 1860.

In 1950, Alexander Thompson started selling part of his land holdings with 93 allotments put up for sale, including Mount Pleasant, Roslyn Road, and Belmont township. More sales followed in 1886, with 25 acres of crown land sold out. However, an economic depression in the 1890s reduced sales for a short time. 

Other surrounding localities are

• Newton
• Highton
• South Geelong
• Grovedale
• Marshall
• Charlemont

Belmont is an exciting place to visit, particularly for its amazing parks and lovely social culture. There are loads of things to do here if you know where to go. Below we briefly review some of the best spots in the area.

Barwon Valley Park

Barwon Park is the most popular park in Belmont and also the most visited. The park has a flowing lake at the center that attracts a calming breeze which makes it a great site for picnics and short walks. There is also a children’s playground here too. If you are looking for a quiet place to clear your head, Barwon Valley Park is a perfect spot

Mad Scientist Escape Room Game

If you have never engaged in an escape room game before, make sure you try it out on your next trip to Belmont. The Mad Scientist is an escape room game located in Geelong, which is not very far from Belmont. The game is exciting and thrilling, and you can join a team to experience the adventure.

Archive Wine Bar

Belmont has a series of great wine, bars, and restaurants, and Archive is one of the best in the town. You can enjoy exotic cocktails, coffee, and wines of different varieties here. Besides the beverage menus, the environment is welcoming and calming.

Other spots you can visit in Belmont include

• Gourmet Dog Barkery
• OZ Tenpin bowling alley
• VR Murder Mystery Escape Room