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.