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%.