BELMONT SOUTH, 2280 ranks 546th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.82% 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 $505,000.
The upward trend in home prices in BELMONT SOUTH, 2280 averaged 10.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $392.5 mark, reflecting a 4.04% increase in returns based on the current median price in BELMONT SOUTH.
An average of 1.75 real estate transactions take place per month in BELMONT SOUTH which translates to 21 per annum.
21 properties were sold in BELMONT SOUTH in 2016, making it the 877th most active market in NSW based on total real estate transactions.
BELMONT SOUTH, 2280 places 793rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.82%||N/A|
|Median 3 years||32.89%||N/A|
|Median 5 years||30.83%||N/A|
|10 years average annual||5.29%||N/A|
|Weekly media advert. rent||$392.5||N/A|
|Time on Market||66.0 days||N/A|
|Gross Rental Yield Percent||4.04%||N/A|