Belmont, 3216 ranked 177th in VIC when comparing growth in median property values or capital gain over the last 12 months. Belmont is one of 2098 in our list for VIC
A 32.43% growth in median value for property investors in Belmont,3216 puts this suburb at number 320th in terms of best performing suburbs in VIC
The most recent median price for Belmont is $463500, with sellers offering an average of -5.49% off the asking price.
Residents and property investors in Belmont have been waiting around 46.69 days to sell a property.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.44%, investors should hope to achieve an overall return of 3.93%
Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 8.10%. This compares favourably with the 4.79% for VIC as a whole.
Over the longer term, Belmont has seen property prices show investors a 16.67% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belmont, 3216. Typically our figures indicate that -6.10% is being offered, which puts this VIC suburb at 430th most discounted overall in Australia.
In the last year 113 properties changed hands in Belmont, which puts it as the 78th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Belmont, 3216 is in the Greater Geelong local government area.