Investment property in Belmont has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.45%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmont has increased when compared to the 5 year average annual rate.
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.88%. This puts suburb at number 253th in VIC when ranking the most discounted suburbs.
With the median price for a house in Belmont being $449250 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.05%
Property investors who have had real estate in Belmont, 3216 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%
Belmont,3216 was ranked 140 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.22% to buyers in Belmont at the moment, which is less than average for the rest of VIC.
The VIC suburb of Belmont, 3216 is in the Greater Geelong local government area.