With a capital gain of -5.00% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 3.38% property growth over the last 5 years.
Over the longer term, Belmont has seen property prices show investors a 19.63% return over the last 3 years. This is worse than over the last 12 months
Belmont2280 is located in NSW which offers an average discount of -5.49% to property investors. Belmont itself is showing figures that indicate -6.97% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
NSW has seen average median house prices change by 6.07% which means that Belmont, 2280 has done well for property investors by showing a capital gain of -4.94% over the last year
Taking the average capital gain, or increase in median house value, Belmont,2280 has racked up an average of -4.94% over the period. This ranks it number 826th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Belmont is $380000, with sellers offering an average of -6.37% off the asking price.
At number 514 in a list of fastest selling suburbs, Belmont is in the TOP 40% of suburbs in Australia with an average of days on market 65.85 for properties listed there.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.86%, without taking into account capital value appreciation, which has been averaging out at 0.52%.