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Investment Property Belmont, VIC, 3216

Suburb Snapshot

Belmont is a suburb in the Greater Geelong Region of Victoria. Belmont has a population of 14,051 people and 29.03% of its occupants live in rental accommodation. The median listing price for houses is $660,000 and this has changed -1.35% over the past year and changed -4.35% over 2 years.

The median rent in Belmont for houses is $480 per week and the median rental yield is 3.78%. Stock on the market for houses/townhouses has changed -13.98% compared to last year and the average time to sell a house/townhouse is 66 days.The median listing price for units is $459,000 and this has changed -2.14% over the past year. The average unit takes 83 days to sell and the median rent for a unit in Belmont is $420 per week, producing a rental yield of 4.75%.

Supply & Demand in Belmont, Greater Geelong

1.07%

Current vacancy rate


87

Rental stock available


14,051

Population


29.03%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Belmont, Greater Geelong

  House Townhouses Units
Median listing price $660,000 $649,500 $459,000
Median price change - last quarter -2.80% 0.00% 0.21%
Median price change - 1 year -1.35% 4.92% -2.14%
Median price change - 2 years -4.35% 1.48% -2.14%
  House Townhouses Units
Median weekly rent $480 $520 $420
Median yield % 3.78% 4.16% 4.75%
Median rent change - 1 year 2.12% 4.00% 5.00%
  House Units
Previous month sales 19 2
Stock on market previous month 80 19
Stock variance vs. last year -13.98% -26.92%
Average days on market 66 83

Belmont investment property listings

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