Big bank balance sheets increasingly skewed to mortgages
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 0.85% growth over a ten-year period. It ranks 3706th on our list of suburbs that property investors should look into.
BELMONT, 6104 has a capital gain of -4.44% for the past year, which is lower than average compared to its -20% growth within a five-year period.
With the median home price in BELMONT sitting at $430,000, and the average rent at $357.5, property owners could potentially earn a 4.32% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BELMONT are high, as opposed to average gains per annum over the past five years.
BELMONT, 6104 in WA belongs to the local government area of Belmont (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | $308,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.15% | -3.59% |
| Median 12 month | -4.44% | -3.59% |
| Median 3 years | -16.79% | -22.78% |
| Median 5 years | -20% | -27.41% |
| 10 years average annual | 0.85% | -0.25% |
| Weekly media advert. rent | $357.5 | $350 |
| Time on Market | 79.9 days | 95.1 days |
| Gross Rental Yield Percent | 4.32% | 5.9% |
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
New research has revealed what the average investor is spending on their renovations, with a change in priorities pinpointed year-on-year. ...
The prudential regulator has launched a consultation on a proposal that would expand its collection remit for home lending data. ...
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
New research has provided insights into where the highest number of homes are being built and whether construction is rising or falling. ...
Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property ...
Get notifications in real-time for staying up to date with content that matters to you.