Belgrave vs San Remo
Property investment comparison - Belgrave, VIC 3160 vs San Remo, VIC 3925
Head-to-head across core investment metrics: Belgrave wins 2, San Remo wins 2. 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 | San Remo |
|---|---|---|
| Median house price | $855K | $850K |
| Median unit price | - | $435K |
| Gross rental yield (houses) | 4.01% | - |
| Gross rental yield (units) | 1.83% | - |
| 1-year house growth | +4.8% | -5.8% |
| 3-year house growth | +3.3% | -14.3% |
| Vacancy rate | 1.6% | 0.8% |
| Population | 3,894 | 1,700 |
Belgrave vs San Remo: what the numbers say
The median house price is $855K in Belgrave and $850K in San Remo, so San Remo is the cheaper entry point, with Belgrave houses about 1% dearer.
Over the past year house prices moved +4.8% in Belgrave and -5.8% in San Remo, so recent momentum favours Belgrave, while San Remo went backwards.
Looking back three years, Belgrave houses are +3.3% and San Remo houses -14.3%, so Belgrave has compounded faster than San Remo over the longer window.
Rental vacancy is 0.8% in San Remo and 1.6% in Belgrave, so landlords in San Remo 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 1,700, roughly 2.3 times the size of San Remo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: San Remo for a lower purchase price, Belgrave for recent price momentum, San Remo 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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