BELMONT SOUTH, 2280 ranks 538th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.56% for property investors.
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 $487,875.
The upward trend in home prices in BELMONT SOUTH, 2280 averaged 9.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $377.5 mark, reflecting a 4.02% 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 849th most active market in NSW based on total real estate transactions.
BELMONT SOUTH, 2280 places 180th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $487,875 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.02% | N/A |
| Median 12 month | 17.56% | N/A |
| Median 3 years | 29.24% | N/A |
| Median 5 years | 25.1% | N/A |
| 10 years average annual | 4.78% | N/A |
| Weekly media advert. rent | $377.5 | N/A |
| Time on Market | 73.1 days | N/A |
| Gross Rental Yield Percent | 4.02% | N/A |
Just a thought - would a 'pet premium'...
The property markets in Melbourne,...
There is a threshold for the land value...