Over the last year, property investments in Belmont, 4153 have given investors a capital gain of 0.79%. This compares badly with the 2.44% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Belmont,4153 has racked up an average of 0.79% over the period. This ranks it number 2755th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Belmont should be aiming for at least -8.09% off the asking price, which is the average vendor discount being achieved at the moment.
At number 979 in a list of fastest selling suburbs, Belmont is in the TOP 30% of suburbs in Australia with an average of days on market 57.1 for properties listed there.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 2.43%.