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%.