Belmont

POSTAL CODE: VIC, 3216

HOUSE

UNIT

BELMONT ranks 516th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 0.4% for the past year is lower than average compared to its 16% growth within a five-year period.

Also in BELMONT, the median home price is sitting at $701,800, and the average rent at $500, this suggests property owners could potentially earn a 3.7% increase in gross rental yield.

Property investors have seen a 0.26% gain in BELMONT based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.08% growth over a ten-year period. It ranks 2630th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in BELMONT, 3216 translates to a 2.52% capital gain.

BELMONT, 3216 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 $570,000.

Augmented property values in BELMONT are trailing above the VIC average of 2.45% for the past year.

Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

Home owners selling their properties and realtors in BELMONT usually have to wait an average of 70.4 days days before their assets are lifted off the market.

BELMONT ranks 286th on the list of best yielding suburbs for rental properties in VIC, posting a 4.01% return.

BELMONT, 3216 places 82nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$701,800	$570,000
Growth Report
Median Quarterly	0.26%	4.01%
Median 12 month	0.4%	8.57%
Median 3 years	-5.16%	2.52%
Median 5 years	16%	20%
10 years average annual	6.08%	6.65%
Weekly media advert. rent	$500	$440
Time on Market	51.4 days	70.4 days
Gross Rental Yield Percent	3.7%	4.01%

Demographics (Median Values)*

Total Population 56284

Weekly Household Income 1370

Household Size 2.50

Average 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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