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