Investment property in Belmont has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.43%
While Belmont,4153 ranked number 439th in QLD for increase in median house value (annualised) increase, it is ranked 382th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -3.41% to real estate investors.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
Over the last year, property investments in Belmont, 4153 have given investors a capital gain of -0.26%. This compares averagely with the 0.65% for QLD as a whole.
Belmont,4153 was ranked 864 in Australia by increase in median property value over the quarter.
Residents and property investors in Belmont have been waiting around 107.2 days to sell a property.
With the median price for a house in Belmont being $382000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 5.92%