VIC3198· Pop. 17,215Frankston

BELVEDERE PARK

MaturePremium-priced suburb — lower upside but defensive and liquid

Investor score

55

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$942,000

VIC Gov · 2025

Rent yield

1.9%

computed from govt data

Annual growth

6.5%

annualised from govt data

Vacancy rate

2.3%

modelled estimate

AI insights for BELVEDERE PARK

Investment analysis, risks & comparisons

PREMIUM

BELVEDERE PARK shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$351/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+4.2%

annual shift

Yield × growth index

4.2

combined signal

Net yield (est.)

2.72%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+6.1%

est. compound, long-run avg

10-yr growth (CAGR)

+4.5%

est. compound, long-run avg

Rental demand

53 / 100

Moderate demand

Supply pipeline

Est.

1.4%

new dwellings approved / stock · Modelled estimate

Low supply pressure

5-year price history

2020
$700k
2021
$850k
2022
$880k
2023
$830k
2025
$942k

Source: VIC Gov · 2025 · all sources

Market overview

BELVEDERE PARK is a metropolitan VIC suburb with strong capital growth momentum and lower rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.

Highlights

  • Metro VIC suburb with strong infrastructure and transport
  • Rental yield 1.9% with stable tenant demand
  • Consistent annual growth of 6.5%
  • Access to national transport network and amenities

Risk factors

  • High entry price may limit buyer pool
  • Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,500/wk

$81k taxable p.a.

Renters

32.9%

62.9% owner-occupier

Median age

40.0 yrs

Unemployment

4.1%

Population growth

+2.6% p.a.

Investor-owned

10.0%

of all dwellings (ATO)

Houses

71%

22% apartments

Degree qualified

44.8%

bachelor's or higher (ABS)

Work from home

29.9%

of employed residents (ABS Census)

Median lot size

620 m²

Standard block

Household size

2.4 persons

avg per dwelling (ABS Census)

Short-term rental

12.9%

Active STR market

Market activity

Distance to CBD

35.7 km

Regional

Days on market

32 days

Normal turnover

Auction clearance

65.7%

Strong demand

Walkability

34 / 100

Some errands walkable

Coastal proximity

7.3 km

Near coast

NBN technology

FTTP

Fastest — full fibre to premises

Population density

1,471/km²

Suburban

Schools in postcode 3198

🏫6 Primary🎓1 Secondary1 Special
ACARA 2025

🏫Primary (6)

Seaford North Primary School

Government · Yrs Prep-6

ICSEA 1070

St Anne's School

Catholic · Yrs Prep-6

ICSEA 1070

Seaford Primary School

Government · Yrs Prep-6

ICSEA 1030

Kananook Primary School

Government · Yrs Prep-6

ICSEA 1014

Seaford Park Primary School

Government · Yrs Prep-6

ICSEA 1005

Belvedere Park Primary School

Government · Yrs Prep-6

ICSEA 1004

🎓Secondary (1)

Patterson River Secondary College

Government · Yrs 7-12

ICSEA 1015

Special (1)

Nepean School

Government · Yrs U

ICSEA 1006

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

High crime
3/ 100

13.1 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Average
1027ICSEA · national avg 1000

8 schools in postcode area

Source: ACARA My School 2025

Transit access

Good
44/ 100
🚆 3 train🚃 10 tram🚌 31 bus

Source: State GTFS feeds

Gentrification signal

39

/ 100

Early signs

Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

none

Source: State GIS flood zone data

🔥

Bushfire risk

low

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

low

Coastal exposure + state climate

Live suburb intelligence

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Location

Properties in BELVEDERE PARK

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