Suburb Profile Report for Belmore NSW (2192)

Belmore House: Median price $1,077,500, Annual capital growth 9.38%, Number of sales 92, Weekly median advertised rent $550

Belmore Unit: Median price $460,000, Annual capital growth 8.39%, Number of sales 57, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Belmore, 2192 have given investors a capital gain of 5.64%. This compares badly with the 7.93% for NSW as a whole.

A 74.49% growth in median value for property investors in Belmore,2192 puts this suburb at number 834th in terms of best performing suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Belmore itself are offering an average vendor discount of -6.59% to real estate investors.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.38%, investors should hope to achieve an overall return of 2.65%

With a capital gain of -1.08% for the last 12 months, Belmore, 2192 has performed for property investments than its average annual 8.39% property growth over the last 5 years.

Comparing Belmore,2192 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Belmore should be aiming for at least -5.50% off the asking price, which is the average vendor discount being achieved at the moment.

At number 138 in a list of fastest selling suburbs, Belmore is in the TOP 10% of suburbs in Australia with an average of days on market 42.23 for properties listed there.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.30%, without taking into account capital value appreciation, which has been averaging out at 8.39%.

HOUSE UNIT
$1,077,500 $460,000
0.00% -5.15%
5.64% -1.08%
9.38% 8.39%
$550 $380
92 57
2.65% 4.30%
113.77 42.23

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Belmore NSW
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
Chart Table
Recent sales & rentals