The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $557,500.
The upward trend in home prices in BELMONT SOUTH, 2280 averaged 10.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.64% increase in returns based on the current median price in BELMONT SOUTH.
An average of 1.83 real estate transactions take place per month in BELMONT SOUTH which translates to 22 per annum.
22 properties were sold in BELMONT SOUTH in 2016, making it the 864th most active market in NSW based on total real estate transactions.
BELMONT SOUTH, 2280 places 245th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $557,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.76% | N/A |
| Median 12 month | 3.24% | N/A |
| Median 3 years | 31.18% | N/A |
| Median 5 years | 72.6% | N/A |
| 10 years average annual | 6.29% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.64% | N/A |
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