COVID-19 pandemic may create a ‘two-speed rental market’
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
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 $525,000.
The upward trend in home prices in BELMONT SOUTH, 2280 averaged 1.79% per annum over a 3-year period.
Average weekly rents on listings have reached the $385 mark, reflecting a 3.81% 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 852nd most active market in NSW based on total real estate transactions.
BELMONT SOUTH, 2280 places 1101st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-14.63%||N/A|
|Median 3 years||5.37%||N/A|
|Median 5 years||18.78%||N/A|
|10 years average annual||5.82%||N/A|
|Weekly media advert. rent||$385||N/A|
|Time on Market||132.0 days||N/A|
|Gross Rental Yield Percent||3.81%||N/A|
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