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 -3.36%.
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of 0.00%. This puts Suburb as 451 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -7.36% to buyers in Belmont at the moment, which is less than average for the rest of NSW.
A $422.5 per week rent on the median house gives suburb investors a gross yield of circa 3.52%, without taking into account capital value appreciation, which has been averaging out at 5.94%.
Property investors who have had real estate in Belmont, 2280 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.19%
The five-year average increase in median property values for Belmont,2280 has given property investors a potential capital gain of 55.89% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belmont, 2280. Typically our figures indicate that -5.93% is being offered, which puts this NSW suburb at 548th most discounted overall in Australia.
Residents and property investors in Belmont have been waiting around 71.4444 days to sell a property.
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Houses sell in Lake Macquarie suburb
Median house price: $640,000
Three-year growth: 39.1%
Rental yield: 3.4%
In the Newcastle region, the suburb of Belmont is one of the top growing house markets in NSW.
The median value comes in at $640,000 following 32% growth in the May 2017-2018 period. This continues an ongoing streak of positive growth observed since 2013, and brings Belmont’s average annual growth rate to 6.7%.
Belmont is 20km from the Newcastle CBD, and lies on the eastern shore of Lake Macquarie. It is the home of many restaurants offering a beautiful view of the water, and the Belmont Bay foreshore serves as an ideal picnic and recreation spot. Residents and visitors to Belmont also enjoy activities like fishing, sailing, kayaking and surfing. The Belmont Airport offers skydiving sessions above Lake Macquarie, while the Lake Macquarie Carnival is great for families on holiday. Walking and cycling tracks are strewn across the Belmont Wetlands.