Suburb Profile Report for Belmont NSW (2280)

Belmont House: Median price $469,600, Annual capital growth 2.98%, Number of sales 111, Weekly median advertised rent $390

Belmont Unit: Median price $360,000, Annual capital growth 1.12%, Number of sales 67, Weekly median advertised rent $350

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

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Belmont, 2280 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.18%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmont has increased when compared to the 5 year average annual rate.

Belmont2280 is located in NSW which offers an average discount of -5.50% to property investors. Belmont itself is showing figures that indicate -5.12% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 9.25 sales per month, which equates to 111 per year.

Property value increases in Belmont have tracked lower than the NSW average of 5.59% over the last 12 months.

While Belmont,2280 ranked number 521th in NSW for increase in median house value (annualised) increase, it is ranked 489th over the last 5 years.

Property investors looking for a bargain in Belmont should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$469,600 $360,000
-3.18% -5.26%
-3.18% -6.49%
2.98% 1.12%
$390 $350
111 67
4.32% 5.06%
74.78 46.81

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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