Belgrave vs Kanumbra
Property investment comparison - Belgrave, VIC 3160 vs Kanumbra, VIC 3719
Head-to-head across core investment metrics: Belgrave wins 1, Kanumbra wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Belgrave | Kanumbra |
|---|---|---|
| Median house price | $855K | $850K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.01% | - |
| Gross rental yield (units) | 1.83% | - |
| 1-year house growth | +4.8% | - |
| 3-year house growth | +3.3% | - |
| Vacancy rate | 1.6% | 6.1% |
| Population | 3,894 | 53 |
Belgrave vs Kanumbra: what the numbers say
The median house price is $855K in Belgrave and $850K in Kanumbra, so Kanumbra is the cheaper entry point, with Belgrave houses about 1% dearer.
Rental vacancy is 1.6% in Belgrave and 6.1% in Kanumbra, so landlords in Belgrave face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Belgrave is the bigger suburb, with a population of 3,894 against 53, roughly 73 times the size of Kanumbra; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kanumbra for a lower purchase price, Belgrave for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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