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 November 2025, is approximately 15,341. This figure represents an increase of 324 people since the 2021 Census, which reported a population of 15,017. The change is inferred from ABS estimated resident population data of 15,134 in June 2024 and validated new addresses of 137 since the Census date. This results in a population density ratio of 1,637 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Overseas migration contributed approximately 73.8% to overall population gains during recent periods.

AreaSearch adopts 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 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, with Belmont expected to grow by 3,540 persons by 2041, reflecting a total gain of 21.7% 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 averaged approximately 56 new dwelling approvals annually over the past five financial years from FY-21 to FY-25, with a total of 284 homes approved during this period and an additional 17 approved so far in FY-26. On average, 0.6 new residents per year have been associated with each dwelling constructed between FY-21 and FY-25, indicating that new supply has kept pace with or exceeded demand, providing ample buyer choice and capacity for population growth beyond current forecasts. The average construction value of new homes in Belmont is $255,000, aligning with regional patterns.

In the current financial year, there have been $13.4 million in commercial approvals, demonstrating moderate levels of commercial development. Compared to the rest of Victoria, Belmont shows significantly reduced construction activity, with 64.0% below the regional average per person, which typically reinforces demand and pricing for existing homes. New development in Belmont consists of 32.0% standalone homes and 68.0% medium and high-density housing, marking a shift from the area's existing housing composition, which is currently 78.0% houses. This trend reflects decreasing availability of developable sites and changing lifestyles, indicating a need for more diverse and affordable housing options. With around 538 people per dwelling approval, Belmont exhibits signs of a developed market. According to the latest AreaSearch quarterly estimate, Belmont is projected to grow by 3,333 residents through to 2041.

If current development rates continue, housing supply may struggle to match 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 impact an area's performance. AreaSearch has identified 28 projects likely affecting this region. Notable initiatives include Wandana Estate, Coles Belmont Redevelopment, 29 Evans Street Townhouses, and 5-7 Church Street Townhouses, with the following list highlighting those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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 prominent representation in essential services sectors. Its unemployment rate is 3.9%. As of September 2025, 8,085 residents are employed while the unemployment rate is 0.1% higher than Rest of Vic.'s rate of 3.8%.

Workforce participation stands at 67.0%, exceeding Rest of Vic.'s rate of 61.4%. According to Census data, 22.2% of residents work from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in health care & social assistance (35.2%), education & training (23.7%), and construction (18.5%).

Conversely, agriculture, forestry & fishing accounts for only 0.6%, compared to the regional average of 7.5%. The area offers limited local employment opportunities, as indicated by the ratio of working population to resident population. Over the year to September 2025, labour force levels decreased by 0.6% and employment declined by 0.7%, with unemployment remaining stable. In contrast, Rest of Vic. saw a marginal rise in unemployment alongside declines in employment (-0.7%) and labour force (-0.6%). Jobs and Skills Australia's national employment forecasts from May-25 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Belmont's employment mix suggests local employment could increase by 6.9% over five years and 14.3% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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 on June 30, 2023, Belmont SA2 had a median income among taxpayers of $54,564 with an average level of $68,513. This is above the national average and compares 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 the 2021 Census figures, household, family, and personal incomes all rank modestly in Belmont, between the 36th and 49th percentiles. Income brackets indicate that 32.4% of the population (4,970 individuals) fall within the $1,500 - $2,999 income range, reflecting patterns seen in the broader area where 30.3% similarly occupy this range. Housing affordability pressures are severe, with only 83.4% of income remaining, ranking at the 36th percentile, and the area's SEIFA income ranking places 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

As of the latest Census, dwelling structures in Belmont consisted of 77.7% houses and 22.4% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Vic.'s 90.1% houses and 9.9% other dwellings. Home ownership in Belmont was at 32.2%, with mortgaged dwellings at 31.7% and rented ones at 36.1%. The median monthly mortgage repayment in the area was $1,700, higher than Non-Metro Vic.'s average of $1,430. The median weekly rent figure in Belmont was recorded at $350, compared to Non-Metro Vic.'s $285. Nationally, Belmont's mortgage repayments were lower than the Australian average of $1,863, and rents were 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 constitute 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 is notably higher than broader averages. 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. Bachelor degrees are most prevalent at 21.5%, followed by postgraduate qualifications (8.7%) and graduate diplomas (3.9%). Vocational credentials are also common, with 33.6% of residents holding such qualifications - advanced diplomas at 11.4% and certificates at 22.2%. Educational participation is 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

The analysis of public transport in Belmont indicates that there are 61 active transport stops currently operating within the area. These stops are serviced by a total of 22 individual routes, which together facilitate 2,087 weekly passenger trips. The accessibility of these transport services is rated as good, with residents typically located approximately 234 meters from their nearest transport stop. As Belmont is primarily residential in nature, most residents commute outward to other areas for work or leisure. The car remains the dominant mode of transportation among residents, used by 90% of them. On average, there are 1.2 vehicles per dwelling in Belmont, which is lower than the regional average.

According to the 2021 Census, 22.2% of residents work from home, a figure that may be influenced by COVID-19 conditions. The service frequency across all routes averages at 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 based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are high among both younger and older age cohorts, with common health conditions somewhat prevalent.

Approximately 53% (~8,176 people) of Belmont's total population has private health cover, compared to the average SA2 area's rate of 50.5%. The most common medical conditions in Belmont are mental health issues (impacting 10.8% of residents) and asthma (affecting 8.7%). Sixty-six point three percent of residents declare themselves completely clear of medical ailments, compared to the Rest of Vic's rate of 63.4%. Working-age residents show an above-average prevalence of chronic health conditions in Belmont. The area has 16.7% (2,566 people) of residents aged 65 and over, lower than the Rest of Vic's percentage of 23.5%, with national rankings 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 wider region, 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 ancestral groups are English (28.9%), Australian (25.8%), and Irish (10.8%). Notably, Dutch (1.9%) and Scottish (9.0%) are overrepresented, while Welsh (0.6%) is slightly higher than regional averages.

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 median age of 38 years. The 25-34 age group comprises 21.1% of the population in Belmont compared to Rest of Vic., while the 65-74 cohort makes up 8.4%. This concentration of the 25-34 age group is well above the national average of 14.5%. According to data from the post-2021 Census, Belmont's median age has decreased by 1.2 years to 36 from a previous figure of 37. Specifically, the proportion of the population in the 25 to 34 age group has grown from 17.4% to 21.1%, while the 35 to 44 cohort increased from 13.0% to 14.8%. Conversely, the 45 to 54 cohort has declined from 11.2% to 9.8%, and the 55 to 64 group has dropped from 10.3% to 9.2%. By the year 2041, Belmont is projected to experience notable shifts in its age composition. The 25-34 age cohort is expected to grow significantly by 1,596 people (49%), increasing from 3,241 to 4,838. Conversely, population declines are projected for the 65-74 and 55-64 cohorts.