Suburb Profile Report for Belmont WA (6104)

Belmont House: Median price $459,500, Annual capital growth 3.56%, Number of sales 78, Weekly median advertised rent $380

Belmont Unit: Median price $368,500, Annual capital growth 3.48%, Number of sales 34, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Belmont, 6104 ranked 307th in WA when comparing growth in median property values or capital gain over the last 12 months. Belmont is one of 1662 in our list for WA

Across a shorter period, Belmont, 6104 has seen a median price increase of -1.61% over the last quarter.

The most recent median price for Belmont is $459500, with sellers offering an average of -7.03% off the asking price.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

With a capital gain of -7.64% for the last 12 months, Belmont, 6104 has performed for property investments than its average annual 3.48% property growth over the last 5 years.

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.

Property investors looking for a bargain in Belmont should be aiming for at least -7.37% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.48%, investors should hope to achieve an overall return of 4.66%

Greg Orbinski Information supplied by:

Greg Orbinski
Porter Matthews Metro

M 0417936524
O

W portermatthewsmetro.com.au
E greg@portermatthewsmetro.com.au
Just east of the Perth CBD, slap-bang next to the airport, the suburb of Belmont is surprisingly affordable.
Belmont has a solid property performance history, with good yields and growth potential on offer for the savvy investor.
The suburb is abuzz with nearby infrastructure projects, including the Great Eastern Highway upgrade, Perth Airport upgrade and a new football stadium just over the way at Burswood.
Belmont boasts major shopping facilities, good quality schooling, two racecourses and hectare after hectare of parkland for lovers of the outdoors.Full summary

Selling points: Belmont is a very affordable suburb yet is only 6 kilometres from the CBD, providing investors with a solid rental return and capital return over time. Belmont has outperformed the total Perth market for the past 10 years and should continue to do the same, due to many infrastructure works under way, such as the Great Eastern Highway upgrade, Perth Airport upgrade and planned football stadium at nearby Burswood. Belmont has had zoning changes last year, which resulted in more development activity, particularly close to the main shopping district at Belmont forum. All amenities are top notch, with schools, parks, shopping and others.

Most sought after properties: Three and four-bed houses less than 10 years old are getting the most demand, particularly from first home buyers. There is underlying demand for any property with potential to subdivide as well. Most demand in a general sense is in the $400k to $550k range at this time.

Most common properties: We actually have the entire range here in Belmont, but the area has been here a long time and there are plenty of older style homes on good size blocks built from 1950 to 1980.

Top amenities: We have a major shopping centre (Belmont Forum) and Belmont Oasis leisure centre and park, Faulkner Park, Garvey Park, Tomato Lake, youth and family centre, skate park and public library. Belmont has 309 hectares of parks as well as good schools, such as Belmont Primary, Notre Dame catholic school and Belmont S.H.S. We are also very close to the airport and have the historic Ascot Park racecourse.

Local industry and business: Many companies base their offices in Belmont due to its proximity to the CBD and airport. These include airport and freight-related businesses.

Recent changes: In the last 10 years we have seen major development subdivisions. Ascot Waters is now completed, while modern apartments continue to be built along the Great Eastern Highway in the Urban Springs development and the award winning Belgravia Estate complex, which features high quality homes. With many subdividable blocks we are seeing older properties being developed to create two, three and four-unit developments.

Best streets: For the investor, in my opinion the best places to buy will be where zoning is R20/40, which depending on block size will enable subdivision to three or four dwellings. Also, around the Belmont Forum centre where zonings have changed to R50/100. These properties will always provide solid capital growth.

Public transport: Public transport is very good and will be better with the major upgrade of the Great Eastern Highway.

Main arteries: This is one of the main benefits in Belmont. Via the Farmer Freeway, you can access the main freeways north and south in just minutes. You can easily drive to the CBD in 15 minutes. Burswood Resort and ‘future’ football stadium will be 10 minutes at most.

Close
HOUSE UNIT
$459,500 $368,500
-1.61% -2.90%
-8.51% -7.64%
3.56% 3.48%
$380 $330
78 34
4.30% 4.66%
83.62 116.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Belmont WA
Demographics
Total population 6264
Median household income ($/weekly) 1197
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 572 9.1
    25-34 years 1298 20.7
    35-44 years 887 14.2
    45-54 years 736 11.8
    55-64 years 633 10.1
    Others 2137 34.1
    Age Group
    Census Count Percent(%)
    Not Married 2272 49.7
    Registered Married 1783 39.0
    Defacto Relationship 514 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3385 59.6
    Indonesia 202 3.6
    Papua New Guinea 271 4.8
    United Kingdom 413 7.3
    Other 436 7.7
    Others 971 17.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 195 3.6
    Christianity 3439 63.1
    Hinduism 106 1.9
    Islam 248 4.6
    No Religion 1371 25.2
    Others 90 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 203 9.5
    $400-$599 211 9.9
    $600-$799 180 8.5
    $1,500-$1,999 254 11.9
    $2,500-$2,999 214 10.1
    Others 1064 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2101 43.7
    Not in the labour force 1580 32.8
    Employed, worked part-time 768 16.0
    Employed, away from work 201 4.2
    Unemployed, looking for work 163 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 544 17.7
    Technicians & trades workers 526 17.1
    Community & personal service workers 302 9.8
    Clerical & administrative workers 476 15.5
    Machinery operators & drivers 316 10.3
    Others 905 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 64 5.9
    Infants/Primary 353 32.7
    Secondary 225 20.8
    Technical or Further Educational Institution 151 14.0
    University or other Tertiary Institutions 239 22.1
    Others 48 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4135 74.4
    Semi-detached, row or terrace house, townhouse 1359 24.5
    Flat, unit or apartment 62 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1013 43.1
    Being purchased 719 30.6
    Fully owned 607 25.8
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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