Suburb Profile Report for Belmont NSW (2280)

Belmont House: Median price $485,000, Annual capital growth 2.93%, Number of sales 121, Weekly median advertised rent $395

Belmont Unit: Median price $365,000, Annual capital growth 0.76%, Number of sales 65, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Belmont, 2280 ranked 1153th in NSW when comparing growth in median property values or capital gain over the last 12 months. Belmont is one of 3163 in our list for NSW

Belmont,2280 was ranked 2459 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.54% to buyers in Belmont at the moment, which is less than average for the rest of NSW.

At number 1504 in a list of fastest selling suburbs, Belmont is in the TOP 40% of suburbs in Australia with an average of days on market 72.83 for properties listed there.

With the median price for a house in Belmont being $485000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.24%

If you compare the increase in value of investment property in Belmont, 2280 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -6.29%.

Over the longer term, Belmont has seen property prices show investors a 7.35% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.59%. This puts suburb at number 100th in NSW when ranking the most discounted suburbs.

Advertised rents are around the $360 mark per week – giving a return of 5.13% based on the median price in Suburb

Metrics i HOUSE UNIT
$485,000 $365,000
0.41% 1.11%
0.00% -6.29%
2.93% 0.76%
$395 $360
121 65
4.24% 5.13%
72.83 39.64

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6419
Median household income ($/weekly) 860
Median age of persons 46
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 732 11.4
    35-44 years 795 12.4
    45-54 years 929 14.5
    55-64 years 854 13.3
    65-74 years 693 10.8
    Others 2416 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 2482 50.5
    Not Married 2138 43.5
    Defacto Relationship 293 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5554 91.1
    Papua New Guinea 53 0.9
    South Africa 34 0.6
    United Kingdom 219 3.6
    Other 58 1.0
    Others 177 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.5
    Christianity 4716 79.0
    Islam 20 0.3
    Other Religious Groups 25 0.4
    No Religion 1162 19.5
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 297 12.3
    $400-$599 389 16.2
    $600-$799 277 11.5
    $800-$999 209 8.7
    $1,500-$1,999 212 8.8
    Others 1024 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2278 44.9
    Employed, worked full-time 1575 31.0
    Employed, worked part-time 884 17.4
    Employed, away from work 170 3.3
    Unemployed, looking for work 169 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 298 11.3
    Professionals 471 17.9
    Technicians & trades workers 425 16.2
    Clerical & administrative workers 423 16.1
    Sales 283 10.8
    Others 731 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 113 8.7
    Infants/Primary 461 35.4
    Secondary 428 32.8
    Technical or Further Educational Institution 126 9.7
    University or other Tertiary Institutions 157 12.0
    Others 18 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4855 80.1
    Flat, unit or apartment 605 10.0
    Semi-detached, row or terrace house, townhouse 415 6.8
    Caravan, cabin, houseboat 163 2.7
    House or flat attached to a shop, office 26 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1095 42.0
    Rented 818 31.4
    Being purchased 664 25.5
    Other tenure type 32 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals