Suburb Profile Report for Belmore NSW (2192)

Belmore House: Median price $1,107,000, Annual capital growth 10.06%, Number of sales 85, Weekly median advertised rent $560

Belmore Unit: Median price $515,500, Annual capital growth 9.75%, Number of sales 123, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.50% for the last 12 months, Belmore, 2192 has performed for property investments than its average annual 10.06% property growth over the last 5 years.

Over the longer term, Belmore has seen property prices show investors a 46.04% return over the last 3 years. This is worse than over the last 12 months

At number 67th of NSW’s most discounted properties, Belmore is in the bottom 10% of the state/territory when listing in order of most discounted to least.

A $560 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 10.06%.

Over the last year, property investments in Belmore, 2192 have given investors a capital gain of -8.44%. This compares very badly with the 5.88% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmore has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.01% to buyers in Belmore at the moment, which is less than average for the rest of NSW.

In the last year 123 properties changed hands in Belmore, which puts it as the 123th most active market in NSW when comparing the number of sales per suburb.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 9.75%.

Metrics i HOUSE UNIT
$1,107,000 $515,500
0.64% 0.10%
2.50% -8.44%
10.06% 9.75%
$560 $400
85 123
2.63% 4.03%
106.81 71.15

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 12574
Median household income ($/weekly) 987
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1534 12.2
    25-34 years 2039 16.2
    35-44 years 1714 13.6
    45-54 years 1705 13.6
    55-64 years 1243 9.9
    Others 4340 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 4629 49.4
    Not Married 4362 46.6
    Defacto Relationship 375 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5332 46.0
    Croatia 589 5.1
    Hong Kong 838 7.2
    Malaysia 634 5.5
    Other 1535 13.2
    Others 2667 23.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 803 7.0
    Christianity 7624 66.0
    Hinduism 328 2.8
    Islam 1448 12.5
    No Religion 1256 10.9
    Others 88 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 481 12.9
    $600-$799 420 11.3
    $800-$999 367 9.9
    $1,000-$1,249 394 10.6
    $1,500-$1,999 438 11.8
    Others 1624 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3974 42.6
    Employed, worked full-time 3109 33.3
    Employed, worked part-time 1444 15.5
    Unemployed, looking for work 448 4.8
    Employed, away from work 357 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 778 15.9
    Technicians & trades workers 707 14.4
    Community & personal service workers 489 10.0
    Clerical & administrative workers 795 16.2
    Labourers 700 14.3
    Others 1438 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 173 6.0
    Infants/Primary 884 30.7
    Secondary 779 27.0
    Technical or Further Educational Institution 347 12.0
    University or other Tertiary Institutions 563 19.5
    Others 137 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6918 58.8
    Flat, unit or apartment 3598 30.6
    Semi-detached, row or terrace house, townhouse 1192 10.1
    House or flat attached to a shop, office 67 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1629 40.4
    Fully owned 1285 31.8
    Being purchased 1092 27.1
    Other tenure type 29 0.7
    Tenure Type
Census 2011, ABS
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