If you compare the increase in value of investment property in Belmont, 3216 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.71%.
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of 3.93%. This puts Suburb as 225 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -5.86% to real estate investors.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
Belmont has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.27% to date .
Over the longer term, Belmont has seen property prices show investors a 18.96% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -6.25%. This puts suburb at number 64th in VIC when ranking the most discounted suburbs.
At number 699 in a list of fastest selling suburbs, Belmont is just in the top half of suburbs in Australia with an average of days on market 74.76 for properties listed there.
Belmont, 3216’s gross rental yield is 4.83%