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Belmont Real Estate Market & Suburb Profile
Belmont Real Estate & Property Market
Belmont is a well-located suburb just 6 km east of Perth’s CBD, according to the REIWA Suburb Profile, known for its blend of urban convenience and riverside lifestyle. Nestled along the Swan River’s south bank, Belmont offers residents the best of both worlds – a suburban community with plenty of local amenities, yet within a 10-minute drive to the city center. The suburb spans about 5 square kilometers and falls under the City of Belmont local government. Historically, Belmont has roots going back to 1831, but significant residential growth took off in the mid-20th century. Today, its population of roughly 6,800 enjoys a vibrant locale that includes the Belmont City Centre, Belmont Forum shopping mall, and lovely parks by the river.
Lifestyle in Belmont: The suburb has a thriving retail and entertainment hub. Belmont Forum is a major shopping center featuring supermarkets, department stores, a cinema, restaurants, and a tavern – providing a one-stop hub for dining and leisure. For recreation, residents have the Belmont Oasis Leisure Centre, offering pools, gyms, and sports facilities, as detailed in the REIWA profile. There are also numerous local parks and patches of bushland (such as along the river foreshore and around Tomato Lake nearby) that give Belmont a pleasant green touch. Two primary schools serve the area, and community events like the weekly Belmont Markets foster a friendly local atmosphere. Belmont’s location near key employment zones – the Perth Airport, Ascot Racecourse, and the CBD – makes it popular among professionals and young families. Despite being so close to the city, Belmont maintains a quieter suburban feel on its residential streets.
Belmont Real Estate Suburb Review
The Belmont real estate market in 2025 is showing solid growth and high demand. As of mid-2025, the median house sale price in Belmont is around $720,000, reflecting approximately 20% annual growth in values, according to the REIWA Suburb Profile. In the past 12 months, about 80–90 houses have changed hands, indicating active buyer interest. Belmont’s house price growth outpaced many nearby suburbs, highlighting its rising appeal. In fact, Belmont’s median jumped from roughly $600k a year ago to over $750k by early 2025 according to recent data from realestate.com.au. There is a slight discrepancy in data—REIWA reports around $720k, while PropTrack recorded $750k based on recent sales—but both confirm a ~20% surge year-on-year.
Several factors are driving this strong price appreciation. Belmont offers relative affordability compared to neighboring locales like Rivervale or Cloverdale, yet it boasts superior proximity to the city and river. This value proposition has attracted both first-home buyers and investors. Additionally, investor activity has picked up thanks to Belmont’s robust rental market—the median rent is about $650 per week for houses, up approximately 8% in the past year, according to REIWA. With a median house price around $720k, this rent equates to an attractive gross yield for Perth (around 4-5%), drawing interest from investors seeking capital growth plus rental return.
Belmont’s property stock is diverse. You’ll find classic post-war bungalows on large blocks, many of which have been renovated or extended, as well as newer townhouses and apartments from infill projects. The median unit price in Belmont is roughly $490,000, as detailed by REIWA, making units an affordable entry point to the area. Over the last year, unit values have also climbed (with about 15–20% growth in some cases) as apartment living gains popularity for those wanting a low-maintenance lifestyle near the city. For instance, units in modern complexes around Great Eastern Highway and the riverfront attract both young professionals and downsizers.
Buyer demand in Belmont remains high but discerning. Realestate.com.au data noted a slight decrease in buyer demand (~5% lower views per listing compared to last year) for Belmont houses, which could indicate the rapid price rises have moderated some buyer urgency. However, overall interest is still strong—properties in Belmont typically spend only around 2-3 weeks on the market, and well-presented family homes often see competitive offers. Belmont’s competitive advantage is its location: as one local agent quipped, “why pay $900k+ in Victoria Park or Lathlain when you can get a similar house in Belmont for hundreds less, and still be minutes from the city?”
Belmont Infrastructure and Developments
Belmont is benefiting from several significant infrastructure projects and urban developments that are enhancing connectivity and lifestyle:
- The Forrestfield-Airport Train Line (Redcliffe Station)
The opening of the METRONET Airport rail line in late 2022 has been a game changer for Belmont. Redcliffe Station, located on Belmont’s doorstep in neighboring Redcliffe, now provides residents with a quick train ride straight into Perth CBD (approximately 15 minutes). This new line has greatly improved public transport options for Belmont locals, who previously relied on buses or driving. The station includes park-and-ride facilities and feeder bus services from Belmont, making the commute seamless. Easy access to the airport via this line is also a perk for FIFO workers or travelers living in Belmont.
- The Belmont Park Redevelopment
Just across the river to the north-west, the Belmont Park racecourse precinct is undergoing a transformation.
A Main Roads project is upgrading the road network and pedestrian facilities around Belmont Park and the Graham Farmer Freeway, with works underway through mid-2025. This includes improved access roads and new pedestrian connections that will benefit Belmont residents heading toward the city or Optus Stadium. The Belmont Park redevelopment plan itself (within Victoria Park jurisdiction) envisions a future residential and entertainment precinct on the racecourse site. As this plan progresses, Belmont locals can expect improved connectivity (including a new pedestrian bridge and better cycling paths) linking the suburb to those forthcoming amenities.
- Community Infrastructure and Revitalization
The City of Belmont has invested in modern community facilities in recent years. The Belmont Hub, opened in late 2020, is a state-of-the-art community center combining a library, museum, co-working space, and civic offices. It has become a focal point for community events and services, reflecting Belmont’s growth. Additionally, the council’s Community Infrastructure Plan 2022 – 2040 outlines upgrades to local parks, sporting facilities, and streetscapes. For instance, new solar-powered lighting has been installed along paths at Tomato Lake to improve safety for evening joggers and walkers. Streetscape improvements around Belmont Forum (landscaping, pedestrian crossings) have enhanced the shopping precinct’s appeal.
- Road and Transport Upgrades
Belmont enjoys direct access to Great Eastern Highway, which was significantly upgraded a few years ago, and Tonkin Highway on its eastern fringe. Future plans include further enhancements to Great Eastern Hwy’s traffic flow and possibly a new interchange near Abernethy Road to ease congestion. Being so close to major roads means residents can easily reach other parts of Perth—for example, a drive to the new Costco at Perth Airport or DFO outlet mall is only 5-10 minutes. The ongoing METRONET Morley-Ellenbrook Line (due to open 2024/25) won’t directly run through Belmont, but its terminus at Bayswater will be a short distance away, giving Belmont residents another nearby rail link via a short bus ride or drive.
It’s also worth noting private development interest in Belmont. The suburb’s affordability and location have spurred new residential projects—from boutique townhouse complexes to proposed apartment blocks along the Swan River foreshore near Garvey Park. With the Perth property market generally strong, developers are eyeing Belmont for its untapped potential. All these infrastructure improvements and future projects bode well for Belmont’s property values, keeping the suburb on an upward trajectory.
Why Xceed Real Estate is Your Ideal Sales Partner in Belmont
Selling property in Belmont requires a nuanced understanding of both its suburban charm and urban growth. Xceed Real Estate offers the expertise and service quality to ensure you achieve the best outcome. Here’s why homeowners in Belmont choose us:
Unmatched
Local Knowledge:
Our agents know Belmont’s market intimately—from the quiet family streets near Belmont Forum to the riverside pockets near Ascot. This insight helps us target the right buyers and highlight the unique selling points of your home, such as proximity to the new train line or local schools. With Xceed’s experienced team by your side, you benefit from advice rooted in real local experience and data-driven market analysis.
Strategic Marketing & Presentation
We tailor a marketing strategy specifically for your Belmont property. This might include promoting the home’s convenience (to city and airport) to young professionals or its community lifestyle to families. Our comprehensive approach—detailed in our Selling Your Property guide—covers everything: expert staging, high-quality photos and video (including aerial shots showcasing river or city proximity), online campaigns on major portals, social media advertising, and leveraging our existing database of buyers looking in Belmont. We ensure your property stands out in a competitive market.
Proven Track Record & Awards
Xceed Real Estate has a proven record of success across Perth, including numerous happy clients in Belmont. We are proud of our reputation, built on integrity and results. Our commitment to excellence has even earned us industry accolades and recognitions. When you work with Xceed, you engage an award-winning team that is constantly striving to achieve record prices and superb customer satisfaction.
Personalised Service & Negotiation Skills
As a boutique agency, we offer personalized one-on-one service. Your Xceed agent will guide you through every step—from preparing your Belmont home for sale to settlement. We maintain clear communication, providing feedback from every viewing and keeping you informed of market response. When offers come, our skilled negotiators go above and beyond to maximize your sale price. We understand the added value features like subdivision potential or proximity to new infrastructure can bring, and we ensure buyers recognize that value too.
Choosing Xceed Real Estate means choosing a partner dedicated to making your sale smooth, rewarding, and stress-free. We understand what makes Belmont special and how to convey that to prospective buyers to drive up interest—and price.