Belmont

Population growth drivers in Belmont are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Belmont's population is 15,278 as of November 2025. This figure shows an increase of 261 people since the 2021 Census, which recorded a population of 15,017. The change is inferred from ABS estimates: 15,136 in June 2024 and 137 validated new addresses since the Census date. This results in a density ratio of 1,630 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Overseas migration contributed approximately 73.8% of overall population gains recently.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, it utilises VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods. Population growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the area is forecasted to increase by 3,540 persons, a gain of 22.2% over the 17-year period.

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 five financial years, from FY21 to FY25, with a total of 284 homes approved during this period and an additional 5 approved in FY26. This has resulted in an average of about 0.6 new residents per year per dwelling constructed over these five financial years. The average construction value of new homes was around $255,000, consistent with regional patterns.

In the current financial year, there have been $13.4 million in commercial approvals, indicating moderate levels of commercial development. Compared to the rest of Victoria, Belmont shows significantly reduced construction activity, at 64.0% below the regional average per person. This limited 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, marking a shift from the area's current housing composition, which is predominantly houses at 78.0%. With around 538 people per dwelling approval, Belmont indicates a developed market. Looking forward, Belmont is projected to grow by approximately 3,396 residents by 2041.

If current development rates continue, housing supply may struggle to keep pace with population growth, potentially leading to increased buyer competition and supporting price increases.

Belmont has emerging levels of nearby infrastructure activity, ranking in the 38thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 28 projects that may impact the area. Notable projects include Wandana Estate, Coles Belmont Redevelopment, 29 Evans Street Townhouses, and 5-7 Church Street Townhouses. The following list details those most likely to be 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's workforce is well-educated with strong representation in essential services sectors. The unemployment rate was 3.9% as of June 2025, with an estimated employment growth of 2.3% over the past year.

In June 2025, 8,263 residents were employed, with an unemployment rate of 4.0%, slightly higher than Rest of Vic.'s rate of 3.8%. Workforce participation was high at 63.0%, compared to Rest of Vic.'s 57.4%. Key industries for Belmont residents include health care & social assistance, education & training, and construction, while agriculture, forestry & fishing had lower representation at 0.6% versus the regional average of 7.5%.

Employment opportunities may be limited locally as indicated by Census data. Between June 2024 and June 2025, employment increased by 2.3%, matching labour force growth and keeping unemployment stable. This contrasts with Rest of Vic., where employment fell by 0.9% and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Belmont's employment mix suggests local growth of approximately 6.9% over five years and 14.3% over ten years, though these are simple extrapolations for illustrative purposes only.

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

According to AreaSearch's aggregation of ATO data released for financial year 2022, Belmont had a median income among taxpayers of $51,955 and an average income of $67,194. These figures are slightly above the national averages of $48,741 and $60,693 respectively in Rest of Vic. Based on Wage Price Index growth of 12.16% since financial year 2022, estimated median income as of September 2025 would be approximately $58,273, with average income at around $75,365. In the 2021 Census, Belmont's household, family and personal incomes ranked modestly between the 36th and 49th percentiles. Income brackets show that 32.4% of Belmont's population (4,950 individuals) fall within the $1,500 - $2,999 income range, similar to the broader area where 30.3% occupy this range. Housing affordability pressures are severe in Belmont, with only 83.4% of income remaining after housing costs, ranking at the 36th percentile. The area's SEIFA income ranking places it in the fifth decile.

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

Belmont's dwelling structure, as per the latest Census evaluation, consisted of 77.7% houses and 22.4% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Vic.'s 84.6% houses and 15.4% other dwellings. Home ownership in Belmont was at 32.2%, with the remaining dwellings either mortgaged (31.7%) or rented (36.1%). The median monthly mortgage repayment in Belmont was $1,700, below Non-Metro Vic.'s average of $1,863 and the national average of $1,864. The median weekly rent figure in Belmont was recorded at $350, compared to Non-Metro Vic.'s $335 and 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 constitute 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 account for the remaining 39.5%, with lone person households at 34.1% and group households comprising 5.5%. The median household size is 2.3 people, which is smaller than the Rest of Vic. average of 2.4.

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

Belmont's educational attainment significantly exceeds broader standards. Among residents aged 15 and above, 34.1% possess university qualifications, compared to 21.7% in the rest of Victoria and 27.3% in the SA3 area. This high level of education positions Belmont favourably for knowledge-based opportunities. Bachelor degrees are most prevalent at 21.5%, followed by postgraduate qualifications (8.7%) and graduate diplomas (3.9%). Vocational credentials are also prominent, with 33.6% of residents holding such qualifications, including advanced diplomas (11.4%) and certificates (22.2%).

Educational participation is notably high in Belmont, with 28.6% of residents currently enrolled in formal education. This includes 8.6% in primary education, 7.0% in tertiary education, and 6.4% pursuing secondary education. A robust network of seven schools operates within Belmont, educating approximately 2,885 students. The area demonstrates above-average socio-educational conditions, with an ICSEA score of 1052. The educational mix includes five primary, one secondary, and one K-12 school.

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

The analysis shows that as of January 1st, 2023, Belmont has 61 active public transport stops, all serving buses. These stops are covered by 12 different routes, together offering 1,580 weekly passenger trips. The accessibility to these services is rated good, with residents on average being located 233 meters from the nearest stop.

On a daily basis, there are an average of 225 trips across all routes, which translates to about 25 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 with common health conditions prevalent among both younger and older age cohorts.

Approximately 53% (~8,158 people) have private health cover, a rate found to be fairly high. The most common medical conditions are mental health issues (10.8%) and asthma (8.7%), while 66.3% reported being completely clear of medical ailments, compared to 65.9% in the rest of Victoria. Belmont has 16.7% (2,556 people) residents aged 65 and over, broadly aligning with the general population's health profile.

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 wider region, with 86.9% citizens, 82.2% born in Australia, and 88.3% speaking English only at home. Christianity is the predominant religion, at 41.3%. Hinduism is overrepresented, comprising 2.4%, compared to 1.7% regionally.

The top three ancestry groups are English (28.9%), Australian (25.8%), and Irish (10.8%). Notably, Dutch representation is slightly higher than regional averages at 1.9%. Scottish representation is also higher at 9.0%, compared to 8.3% regionally. Welsh representation is notably higher at 0.6%, compared to 0.5%.

Belmont's population is slightly younger than the national pattern

The median age in Belmont is 36 years, which is significantly lower than Rest of Vic.'s average of 43 years and somewhat younger than Australia's national average of 38 years. The 25-34 age group has a strong representation at 21.1% compared to Rest of Vic., while the 65-74 cohort is less prevalent at 8.4%. This concentration of the 25-34 age group is well above the national average of 14.5%. According to post-2021 Census data, Belmont has become younger with a median age dropping from 37 years to 36 years. The 25-34 age group grew from 17.4% to 21.1%, and the 35-44 cohort increased from 13.0% to 14.8%. Conversely, the 45-54 cohort declined from 11.2% to 9.8%, and the 55-64 group dropped from 10.3% to 9.2%. By 2041, Belmont is expected to experience notable shifts in its age composition. The 25-34 age cohort is projected to grow by 1,609 people (50%) from 3,228 to 4,838. Conversely, population declines are projected for the 65-74 and 55-64 cohorts.