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 15.83%
Taking the average capital gain, or increase in median house value, Belmont,3216 has racked up an average of 15.83% over the period. This ranks it number 1448th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.71%. This puts suburb at number 243th in VIC when ranking the most discounted suburbs.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.96%, without taking into account capital value appreciation, which has been averaging out at 6.44%.
At number 509th in the list of Australian suburbs ordered by increase in median house value over the last year, Belmont, 3216 is in the top 30% with a property value increase of 8.55% recorded in median house prices.
While Belmont,3216 ranked number 289th in VIC for increase in median house value (annualised) increase, it is ranked 202th over the last 5 years.
Sellers are offering property buyers an average discount of -6.23% to buyers in Belmont at the moment, which is less than average for the rest of VIC.
With the median price for a house in Belmont being $315000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.95%