Belmore has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.23% to date .
Belmore,2192 was ranked 1050 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Belmore itself are offering an average vendor discount of -6.24% to real estate investors.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.84%, investors should hope to achieve an overall return of 2.57%
At number 920th in the list of Australian suburbs ordered by increase in median house value over the last year, Belmore, 2192 is in the BOTTOM 50% with a property value increase of 3.26% recorded in median house prices.
A 45.04% growth in median value for property investors in Belmore,2192 puts this suburb at number 221th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Belmore is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Belmore the average time real estate has been on the market is 50.16 days.
Property investors should expect to get $380 weekly from the median priced house in this suburb.