Belmont has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.26% to date .
Comparing Belmont,3216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Belmont3216 is located in VIC which offers an average discount of -5.99% to property investors. Belmont itself is showing figures that indicate -6.77% is the average achievable by property buyers investing in the suburb.
The VIC suburb of Belmont, 3216 is in the Greater Geelong local government area.
VIC has seen average median house prices change by 3.56% which means that Belmont, 3216 has done well for property investors by showing a capital gain of -8.06% over the last year
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of -1.79%. This puts Suburb as 272 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Belmont are currently offering property investors an average price cut of -6.57% below the asking price at the moment.
Often selling an investment property can take time, and in Belmont the average time real estate has been on the market is 83.75 days.
Belmont is 50th on a list of best yielding suburbs for rents in VIC with a 5.29% return