Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 7.41%. This compares averagely with the 8.06% for VIC as a whole.
Belmont,3216 has offered an average of 7.41% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Belmont are currently offering property investors an average price cut of -6.21% below the asking price at the moment.
In the last year 315 properties changed hands in Belmont, which puts it as the 52th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Belmont being $424250 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.17%
At number 1379th in the list of Australian suburbs ordered by increase in median house value over the last year, Belmont, 3216 is in the BOTTOM 30% with a property value increase of -4.22% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Belmont,3216 has racked up an average of -4.22% over the period. This ranks it number 1235th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -6.71% to real estate investors.
Situated 68.13km from the CBD, Belmont is one of Greater Geelong localities in the postcode 3216.