With a capital gain of 4.03% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 6.68% property growth over the last 5 years.
While Belmont,2280 ranked number 316th in NSW for increase in median house value (annualised) increase, it is ranked 498th over the last 5 years.
The most recent median price for Belmont is $645000, with sellers offering an average of -6.94% off the asking price.
Situated 102.09km from the CBD, Belmont is one of Lake Macquarie (C) localities in the postcode 2280.
Belmont has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.93% to date .
Across a shorter period, Belmont, 2280 has seen a median price increase of 7.09% over the last quarter.
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 -1.86% is being offered, which puts this NSW suburb at 1349th most discounted overall in Australia.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
In the Newcastle region, the suburb of Belmont is one of the top growing house markets in NSWFull summary
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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.Close