With a capital gain of 0.19% for the last 12 months, Belmont, 3216 has performed for property investments than its average annual 6.67% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmont has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belmont, 3216. Typically our figures indicate that -5.73% is being offered, which puts this VIC suburb at 2216th most discounted overall in Australia.
In the last year 270 properties changed hands in Belmont, which puts it as the 48th most active market in VIC when comparing the number of sales per suburb.
VIC has seen average median house prices change by 0.10% which means that Belmont, 3216 has done well for property investors by showing a capital gain of 8.12% over the last year
Over the longer term, Belmont has seen property prices show investors a 41.73% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 162th in VIC when ranking the most discounted suburbs.
With the median price for a house in Belmont being $413000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.28%