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Belmont
AREA REPORTS

Belmont

Belmont - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3216

house
unit
BELMONT ranks 324th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 10% for the past year is lower than average compared to its 53.4% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in BELMONT, the median home price is sitting at $610,525, and the average rent at $395, this suggests property owners could potentially earn a 3.36% increase in gross rental yield.

Property investors have seen a 1.49% gain in BELMONT based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on BELMONT, 3216 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.98% growth over a ten-year period. It ranks 899th on our list of suburbs that property investors should look into.

Data report can be found below

Belmont
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,525 $480,000
GROWTH REPORT
Median Quarterly 1.49% 0%
Median 12 month 10% 14.97%
Median 3 years 22.11% 35.21%
Median 5 years 53.4% 66.67%
10 years average annual 5.98% 6.15%
Weekly media advert. rent $395 $350
Time on Market 49.0 days 54.9 days
Gross Rental Yield Percent 3.36% 3.79%
demographics (median values)*
Total Population
56284
Weekly Household Income
1370
Household Size
2.50
Age
38
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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