With a capital gain of 12.24% for the last 12 months, Belmont, 3216 has performed for property investments than its average annual 6.13% property growth over the last 5 years.
Across a shorter period, Belmont, 3216 has seen a median price increase of 3.53% over the last quarter.
Belmont3216 is located in VIC which offers an average discount of -5.91% to property investors. Belmont itself is showing figures that indicate -5.95% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Belmont have been waiting around 47.41 days to sell a property.
Belmont, 3216’s gross rental yield is 4.08%
Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 9.19%. This compares favourably with the 3.49% for VIC as a whole.
A 14.55% growth in median value for property investors in Belmont,3216 puts this suburb at number 25th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Belmont should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.
At number 787 in a list of fastest selling suburbs, Belmont is just in the bottom half of suburbs in Australia with an average of days on market 79.38 for properties listed there.
With the median price for a house in Belmont being $315000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 4.87%