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, as of February 2026, is around 15,334. This figure shows an increase of 317 people since the 2021 Census, which reported a population of 15,017. The change is inferred from ABS estimates: 15,134 in June 2024 and an additional 133 validated new addresses since the Census date. This results in a density ratio of 1,636 persons per square kilometer, higher than average national locations assessed by AreaSearch. Overseas migration contributed approximately 73.8% to 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, they utilise VIC State Government's Regional/LGA projections from 2023, adjusting using weighted aggregation to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population dynamics forecast a significant increase in the top quartile of Australian non-metropolitan areas. Belmont is expected to increase by 3,540 persons to 2041, reflecting a gain of 21.8% over the 17 years based on latest annual ERP population numbers.

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

Belmont has averaged approximately 56 new dwelling approvals annually. Over the past five financial years, from FY21 to FY25, a total of 284 homes were approved, with an additional 17 approved so far in FY26. The average increase in residents per year per dwelling constructed over these five years has been around 0.6.

This suggests that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts. The average construction cost of new homes is $255,000, aligning with regional patterns. In FY26, there have been commercial approvals totalling $13.4 million, indicating moderate levels of commercial development in Belmont compared to the rest of Victoria, where it shows 64.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes. The composition of new development in Belmont is approximately 32.0% standalone homes and 68.0% medium and high-density housing. This shift from the area's current housing stock, which is predominantly houses at 78.0%, reflects decreasing availability of developable sites and changing lifestyles that require more diverse and affordable housing options.

With around 538 people per dwelling approval, Belmont indicates a developed market. According to the latest AreaSearch quarterly estimate, Belmont is projected to grow by 3,340 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying 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 influence an area's performance. AreaSearch has identified 28 projects likely to impact the area. Notable ones include Wandana Estate, Coles Belmont Redevelopment, 29 Evans Street Townhouses, and 5-7 Church 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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Despite maintaining a low unemployment rate of 3.9%, Belmont has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Belmont has a well-educated workforce with essential services sectors well represented. The unemployment rate as of September 2025 was 3.9%. At this time, 8,085 residents were employed while the unemployment rate was 0.1% higher than Rest of Vic.'s rate of 3.8%.

Workforce participation in Belmont was 67.0%, compared to Rest of Vic.'s 61.4%. According to Census responses, 22.2% of residents worked from home. Employment is concentrated in health care & social assistance, education & training, and construction.

Conversely, agriculture, forestry & fishing has lower representation at 0.6% versus the regional average of 7.5%. The predominantly residential area appears to offer limited local employment opportunities, as indicated by the count of Census working population vs resident population. Over the 12 months to September 2025, labour force levels decreased by 0.6% and employment declined by 0.7%, with unemployment remaining essentially unchanged. In contrast, Rest of Vic. experienced an employment decline of 0.7% and a labour force decline of 0.6%, with a marginal rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. 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 standing at $68,513. This was just above the national average and compared to levels of $50,954 and $62,728 across Rest of Vic. respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $59,066 (median) and $74,165 (average) as of September 2025. According to 2021 Census figures, household, family and personal incomes all ranked modestly in Belmont, between the 36th and 49th percentiles. Income brackets indicated that 32.4% of the population (4,968 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 and 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. In Non-Metro Vic., it was 90.1% houses and 9.9% other dwellings. Home ownership in Belmont was 32.2%, with the rest either mortgaged (31.7%) or rented (36.1%). The median monthly mortgage repayment was $1,700, higher than Non-Metro Vic.'s average of $1,430. Median weekly rent in Belmont was $350, compared to Non-Metro Vic.'s $285. Nationally, Belmont's mortgage repayments were lower at $1,700 versus Australia's average of $1,863, and rents were less at $350 compared to 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, 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 benchmarks. Among residents aged 15 and above, 34.1% have university qualifications, compared to 21.7% in the rest of Victoria and 27.3% in the SA3 area. This educational advantage positions Belmont strongly for knowledge-based opportunities. Bachelor degrees are most prevalent at 21.5%, followed by postgraduate qualifications (8.7%) and graduate diplomas (3.9%). Trade and technical skills are prominent, with 33.6% of residents aged 15 and above holding vocational credentials – advanced diplomas (11.4%) and certificates (22.2%).

Educational participation is notably high, 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.

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 serviced by 22 routes. These routes facilitate 2,087 weekly passenger trips. Residents have good accessibility to these stops, with an average distance of 234 meters to the nearest one. Most residents commute outward from this primarily residential area, with cars being the dominant mode at 90%. The average vehicle ownership per dwelling is 1.2, lower than the regional average. According to the 2021 Census, 22.2% of Belmont's residents work from home, which may be influenced by COVID-19 conditions.

Across all routes, service frequency averages 298 trips per day, resulting in 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 based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are high, with common health conditions prevalent across both younger and older age cohorts.

The rate of private health cover is approximately 53% of the total population (~8,173 people), leading that of the average SA2 area but slightly higher than Rest of Vic.'s 50.5%. Mental health issues impact 10.8% of residents, while asthma affects 8.7%. However, 66.3% of residents declare themselves completely clear of medical ailments, compared to 63.4% across Rest of Vic.. Working-age residents show an above-average prevalence of chronic health conditions. The area has 15.9% of residents aged 65 and over (2,436 people), lower than Rest of Vic.'s 23.9%. 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 mirrors the broader regional average, with 86.9% citizens, 82.2% born in Australia, and 88.3% speaking English only at home. Christianity is the predominant religion, accounting for 41.3%. Hinduism, however, is overrepresented at 2.4%, compared to 0.7% regionally.

The top three ancestry groups are English (28.9%), Australian (25.8%), and Irish (10.8%). Some ethnicities show notable differences: Dutch at 1.9% versus 1.7%, Scottish at 9.0% versus 8.8%, and Welsh at 0.6% versus 0.4%.

Belmont's population is slightly younger than the national pattern

Belmont's median age is 35 years, which is significantly below the Rest of Vic. average of 43 and somewhat younger than the Australian median of 38. The 25-34 cohort is notably over-represented in Belmont at 22.1%, compared to the Rest of Vic. average, while the 65-74 year-olds are under-represented at 8.0%. This 25-34 concentration is well above the national average of 14.4%. Following the Census conducted on 28 August 2021, younger residents have shifted the median age down by 1.7 years to 35. The 25 to 34 age group has grown from 17.4% to 22.1%, while the 35 to 44 cohort increased from 13.0% to 15.4%. Conversely, the 45 to 54 cohort has declined from 11.2% to 9.4%, and the 65 to 74 group dropped from 9.4% to 8.0%. Demographic modeling suggests that Belmont's age profile will evolve significantly by 2041. The 25-34 cohort shows the strongest projected growth at 43%, adding 1,444 residents to reach 4,838. Conversely, the 65-74 and 55-64 cohorts are expected to experience population declines.