ACT Reports Progress Of ‘Better Suburbs’
The ACT government has delivered an update on its “Better Suburbs” plan, detailing the headway that has been made to...
BELMONT NORTH, 2280 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BELMONT NORTH, 2280 values up and netting property investors a capital gain of 18.23% for the past year.
Investors saw the median home price rise to $668,000.
Profits due to an upward trend in home prices in the suburb averaged 4.09% per annum over a 3-year period.
BELMONT NORTH now ranks at the 926th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BELMONT NORTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $475 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BELMONT NORTH, homes and units usually stay on listing for an average of 30.2 days.
In 2016, 112 properties were sold in BELMONT NORTH during the past year, making it the 1430th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.23%||N/A|
|Median 3 years||12.27%||3.91%|
|Median 5 years||42.13%||N/A|
|10 years average annual||6.01%||3.38%|
|Weekly media advert. rent||$475||$360|
|Time on Market||30.2 days||0.0 days|
|Gross Rental Yield Percent||3.7%||4.03%|