Belmont

Population growth drivers in Belmont are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Belmont's population is around 15,337 as of May 2026. This reflects an increase of 320 people since the 2021 Census, which reported a population of 15,017. The change was inferred from the estimated resident population of 15,227 in June 2025 and an additional 131 validated new addresses since the Census date. This level of population equates to a density ratio of 1,636 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Belmont's growth rate of 2.1% since the census positions it within 2.2 percentage points of the Rest of Vic. (4.3%), indicating competitive growth fundamentals. Overseas migration contributed approximately 73.6% of overall population gains during recent periods, driving primary growth in the area.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusting employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future demographic trends anticipate a significant population increase in the top quartile of Australian non-metropolitan areas, with Belmont expected to increase by 3,352 persons to 2041 based on latest annual ERP population numbers, reflecting a gain of 21.1% in total over the 16 years.

Residential development activity is lower than average in Belmont according to AreaSearch's national comparison of local real estate markets

Belmont averaged approximately 56 new dwelling approvals annually over the past six financial years, with a total of 284 homes approved between FY-21 and FY-25, and an additional 26 approved so far in FY-26. Over these five financial years, there was an average of 0.6 new residents per year per dwelling constructed. This suggests that new supply has been keeping pace with or exceeding demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts.

The average construction value of new homes over this period was $255,000, consistent with regional patterns. In FY-26, there have been $13.4 million in commercial approvals, indicating moderate levels of commercial development. Compared to the Rest of Vic., Belmont shows substantially reduced construction, at 64.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes. The new development consists of 32.0% standalone homes and 68.0% medium and high-density housing. This trend towards denser development provides accessible entry options, appealing to downsizers, investors, and entry-level buyers.

This represents a notable shift from the area's existing housing composition, which is currently 78.0% houses. This shift may indicate decreasing availability of developable sites and reflects changing lifestyles and the need for more diverse, affordable housing options. With around 538 people per dwelling approval, Belmont shows a developed market. According to AreaSearch's latest quarterly estimate, Belmont is expected to grow by 3,242 residents through to 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Belmont has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 28 projects likely to affect the region. Notable ones include Wandana Estate, Coles Belmont Redevelopment, Epworth Geelong Innovation and Education Precinct, and 29 Evans Street Townhouses. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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Belmont has seen below average employment performance when compared to national benchmarks

Belmont has a well-educated workforce with significant representation in essential services sectors. The unemployment rate is 4.2%. As of December 2025, 8,045 residents are employed, with an unemployment rate of 4.7%, which is 0.5% higher than Regional Vic.'s rate of 3.7%.

Workforce participation in Belmont stands at 66.9%, exceeding Regional Vic.'s rate of 61.0%. According to Census data, 22.2% of residents work from home. Employment is concentrated in health care & social assistance (45%), education & training (23%), and construction (15%).

Conversely, agriculture, forestry & fishing accounts for only 0.6%, compared to Regional Vic.'s average of 7.5%. Over the year ending December 2025, labour force levels decreased by 0.9% while employment declined by 0.9%, with unemployment remaining stable at 4.2%. In contrast, Regional Vic. saw an employment decline of 0.6% and a labour force decline of 0.7%, with a slight drop in unemployment to 3.6%. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment growth of 6.6% over five years and 13.7% over ten years, but growth rates vary by industry sector. Applying these projections to Belmont's employment mix suggests local employment should increase by 6.9% over five years and 14.3% over ten years.

The area's income profile falls below national averages based on AreaSearch analysis

According to AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2023, Belmont SA2 had a median income among taxpayers of $54,564 with an average level of $68,513. This was above the national average and compared to levels of $50,954 and $62,728 in Regional Vic., respectively. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates would be approximately $59,813 (median) and $75,104 (average) as of March 2026. According to the 2021 Census figures, household, family, and personal incomes in Belmont ranked modestly between the 36th and 49th percentiles. Income brackets indicated that 32.4% of the population (4,969 individuals) fell within the $1,500 - $2,999 income range, reflecting patterns seen in the broader area where 30.3% similarly occupied this range. Housing affordability pressures were severe with only 83.4% of income remaining, ranking at the 36th percentile. The area's SEIFA income ranking placed it in the 5th decile.

Belmont is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

Dwelling structure in Belmont, as evaluated at the latest Census, comprised 77.7% houses and 22.4% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Regional Vic had 90.1% houses and 9.9% other dwellings. Home ownership in Belmont was at 32.2%, with the remainder of dwellings either mortgaged (31.7%) or rented (36.1%). The median monthly mortgage repayment was $1,700, higher than Regional Vic's average of $1,430. Median weekly rent in Belmont was recorded at $350, compared to Regional Vic's $285. Nationally, Belmont's mortgage repayments are lower than the Australian average of $1,863, while rents are less than the national figure of $375.

Belmont features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households account for 60.5% of all households, including 24.9% couples with children, 23.9% couples without children, and 10.4% single parent families. Non-family households make up the remaining 39.5%, consisting of 34.1% lone person households and 5.5% group households. The median household size is 2.3 people, which is smaller than the Regional Vic. average of 2.4.

The educational profile of Belmont exceeds national averages, with above-average qualification levels and academic performance metrics

Educational attainment in Belmont is significantly higher than broader benchmarks. As of 2016, 34.1% of residents aged 15 years and over hold university qualifications, compared to 21.7% in the Rest of Victoria and 27.3% in the SA3 area. Bachelor degrees are most common at 21.5%, followed by postgraduate qualifications (8.7%) and graduate diplomas (3.9%). Vocational credentials are also prominent, with 33.6% of residents aged 15 years and over holding such qualifications - advanced diplomas make up 11.4% and certificates account for 22.2%. Educational participation is notably high in Belmont, with 28.6% of residents currently enrolled in formal education as of 2016.

This includes 8.6% in primary education, 7.0% in tertiary education, and 6.4% pursuing secondary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Belmont has 61 active public transport stops serving 22 different routes. These routes facilitate a total of 2,087 weekly passenger trips. The average distance from residents' homes to the nearest transport stop is 234 meters, indicating good accessibility. Most residents commute outward due to Belmont's predominantly residential nature. Cars remain the primary mode of transportation, used by 90% of residents. Vehicle ownership averages 1.2 per dwelling, which is below the regional average.

According to the 2021 Census, 22.2% of residents work from home, a figure potentially influenced by COVID-19 conditions. The service frequency across all routes averages 298 trips per day, equating to approximately 34 weekly trips per individual stop.

Health performance in Belmont is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Belmont faces significant health challenges, as assessed by AreaSearch's analysis of mortality rates and chronic condition prevalence. Common health conditions are somewhat prevalent across both younger and older age cohorts.

The rate of private health cover is approximately 53% of the total population (~8,174 people), leading that of the average SA2 area, compared to 50.5% across Regional Vic.. The most common medical conditions in the area are mental health issues and asthma, impacting 10.8 and 8.7% of residents respectively, while 66.3% declare themselves completely clear of medical ailments, compared to 63.4% across Regional Vic.. Working-age residents show above average prevalence of chronic health conditions. The area has 16.4% of residents aged 65 and over (2,521 people), which is lower than the 23.9% in Regional Vic.. National rankings are broadly in line with the general population.

In terms of cultural diversity, Belmont records figures broadly comparable to the national average, as found in AreaSearch's assessment of a number of language and cultural background related metrics

Belmont's cultural diversity aligns with its region, having 86.9% citizens, 82.2% born in Australia, and 88.3% speaking English only at home. Christianity is the predominant religion, comprising 41.3%. Hinduism is overrepresented at 2.4%, compared to Regional Vic's 0.7%.

Top ancestral groups are English (28.9%), Australian (25.8%), and Irish (10.8%). Dutch (1.9%) Scottish (9.0%) and Welsh (0.6%) are notably overrepresented in Belmont.

Belmont's population is slightly younger than the national pattern

The median age in Belmont is 36 years, which is significantly lower than Regional Victoria's average of 43 years and slightly younger than Australia's median age of 38 years. The 25-34 age group makes up 20.6% of Belmont's population, higher than Regional Vic.'s percentage, while the 65-74 cohort constitutes 8.2%, lower compared to Regional Vic. Post-2021 Census data indicates that Belmont has become younger, with median age decreasing from 37 years to 36 years between censuses. The 25-34 age group grew from 17.4% to 20.6%, and the 35-44 cohort increased from 13.0% to 15.7%. Conversely, the 45-54 cohort declined from 11.2% to 9.7%, and the 65-74 group decreased from 9.4% to 8.2%. By 2041, Belmont's age composition is projected to change significantly. The 25-34 age group is expected to grow by 1,340 people (42%), from 3,154 to 4,495. Conversely, population declines are projected for the 65-74 and 55-64 cohorts.