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%