Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 4.22%. This compares badly with the 7.80% for VIC as a whole.
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 2288th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Belmont are currently offering property investors an average price cut of -6.65% below the asking price at the moment.
At number 841 in a list of fastest selling suburbs, Belmont is in the TOP 30% of suburbs in Australia with an average of days on market 57.5 for properties listed there.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
Investment property in Belmont has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.33%
Taking the average capital gain, or increase in median house value, Belmont,3216 has racked up an average of -6.33% over the period. This ranks it number 1060th 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 -5.22% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -6.42% to real estate investors.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.21%, without taking into account capital value appreciation, which has been averaging out at 3.14%.