With a capital gain of 0.85% for the last 12 months, Belmont, 3216 has performed for property investments than its average annual 6.65% property growth over the last 5 years.
The five-year average increase in median property values for Belmont,3216 has given property investors a potential capital gain of 46.98% across each of those five years.
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.66%. This puts suburb at number 434th in VIC when ranking the most discounted suburbs.
In the last year 279 properties changed hands in Belmont, which puts it as the 45th most active market in VIC when comparing the number of sales per suburb.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.65%.
Over the last year, property investments in Belmont, 3216 have given investors a capital gain of 4.35%. This compares favourably with the 2.76% for VIC as a whole.
While Belmont,3216 ranked number 303th in VIC for increase in median house value (annualised) increase, it is ranked 93th over the last 5 years.
At number 126th of VIC’s most discounted properties, Belmont is in the middle of the state/territory when listing in order of most discounted to least.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.53%, without taking into account capital value appreciation, which has been averaging out at 5.68%.