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Belmont

The Belmont property market has performed strongly over the past 12 months to June 2020.

There have been 385 properties listed over the past 12 months, while 339 have sold. This compares to 413 listings for the same time last year, and 370 sales.

The current median sales price of a house in Belmont is $570,000. This represents growth of 7.5% over the past 12 months.

The time it takes to sell a house in Belmont is currently 29 days. This timing is 1 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $429,000. Apartment prices have risen by 4.1% over the past 12 months. The time it takes to sell a unit in Belmont is currently 26.5 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$580,000
(246)
$482,000
(101)

Median Sales

House
Unit
$530,000

Jun 2019
(12 months)

$570,000

Jun 2020
(12 months)

$412,000

Jun 2019
(12 months)

$429,000

Jun 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

279
Jun 2019
(12 months)
262
Jun 2020
(12 months)

-6.1%

MOVEMENT


91
Jun 2019
(12 months)
77
Jun 2020
(12 months)

-15.4%

MOVEMENT

Number of Listings

 House Listings Unit Listings
275
110
28
Days on Market

Rentals

Rental Yield

3.4%

Median Asking Rent

$380
per week

Percentage Rented

HOUSES & UNITS
32.6%

Rental Yield

4.1%

Median Asking Rent

$340
per week

Population

Population
14,050

Family Composition

CHILDLESS COUPLE

40.2%

COUPLES WITH CHILDREN

39.4%

SINGLE PARENTS

18.7%

OTHER

1.7%

Tenure Type

RENTING

32.6%

OWNS OUTRIGHT

33.8%

PURCHASING

30.7%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Jul 19 - Jun 20 unless otherwise stated. For listings, 1 Sep 19 - Aug 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.