Property value increases in Belmont have tracked just lower than the VIC average of 8.23% over the last 12 months.
Across a shorter period, Belmont, 3216 has seen a median price increase of 0.47% over the last quarter.
Belmont, 3216 is offering VIC ‘s 237th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
The VIC suburb of Belmont, 3216 is in the Greater Geelong local government area.
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 -5.58%
While Belmont,3216 ranked number 70th in VIC for increase in median house value (annualised) increase, it is ranked 225th over the last 5 years.
Property buyers and investors in Belmont 3216 should be seeing an average reduction in asking price of around -6.51% . This means that Belmont is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $285 weekly from the median priced house in this suburb.