Belmore has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.47% to date .
Across a shorter period, Belmore, 2192 has seen a median price increase of -2.14% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Belmore is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 259th in terms of most discounted suburbs in NSW
In the last year 93 properties changed hands in Belmore, which puts it as the 310th most active market in NSW when comparing the number of sales per suburb.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.66%, without taking into account capital value appreciation, which has been averaging out at 9.51%.
If you compare the increase in value of investment property in Belmore, 2192 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.09%.
A 41.99% growth in median value for property investors in Belmore,2192 puts this suburb at number 518th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Belmore are currently offering property investors an average price cut of -5.05% below the asking price at the moment.
Belmore, 2192’s gross rental yield is 4.20%