Investment property in Belmont has done pretty 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 0.00%
Taking the average capital gain, or increase in median house value, Belmont,4153 has racked up an average of 0.00% over the period. This ranks it number 2804th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Belmont is offering property investors an average of -6.68. This rate of discount on properties puts Suburb at number 804th in terms of most discounted suburbs in QLD
Belmont is 435th on a list of best yielding suburbs for rents in QLD with a 4.52% return
Property value increases in Belmont have tracked close to the QLD average of 0.23% over the last 12 months.
While Belmont,4153 ranked number 110th in QLD for increase in median house value (annualised) increase, it is ranked 322th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.94% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -2.38% to real estate investors.
Residents and property investors in Belmont have been waiting around 56.41 days to sell a property.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 2.02%, investors should hope to achieve an overall return of 5.80%