Suburb Profile Report for Belmore NSW (2192)

Belmore House: Median price $1,111,000, Annual capital growth 10.11%, Number of sales 80, Weekly median advertised rent $555

Belmore Unit: Median price $518,000, Annual capital growth 9.86%, Number of sales 118, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2544th in the list of Australian suburbs ordered by increase in median house value over the last year, Belmore, 2192 is in the BOTTOM 40% with a property value increase of 2.11% recorded in median house prices.

If we look at median property appreciation over just the last three months, Belmore has given property investors a paper return of 1.97%. This puts Suburb as 705 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Belmore are currently offering property investors an average price cut of -9.02% below the asking price at the moment.

With the median price for a house in Belmore being $1111000 and the advertised rent reaching $555 the gross rental yield for property investors calculates out to be 2.60%

Investment property in Belmore has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.50%

While Belmore,2192 ranked number 236th in NSW for increase in median house value (annualised) increase, it is ranked 138th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belmore, 2192. Typically our figures indicate that -5.02% is being offered, which puts this NSW suburb at 773th most discounted overall in Australia.

In the last year 118 properties changed hands in Belmore, which puts it as the 132th most active market in NSW when comparing the number of sales per suburb.

Belmore, 2192’s gross rental yield is 4.02%

Metrics i HOUSE UNIT
$1,111,000 $518,000
1.97% 1.77%
2.11% -7.50%
10.11% 9.86%
$555 $400
80 118
2.60% 4.02%
107.55 72.98

Source: CoreLogic

DSR Score for property investment : Balanced (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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Recent sales & rentals