Belmont, 2280 ranked 715th in NSW when comparing growth in median property values or capital gain over the last 12 months. Belmont is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Belmont comes in at number 228th in NSW.
Belmont2280 is located in NSW which offers an average discount of -7.38% to property investors. Belmont itself is showing figures that indicate -7.04% is the average achievable by property buyers investing in the suburb.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.64%, without taking into account capital value appreciation, which has been averaging out at 5.26%.
Investment property in Belmont has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.87%
Comparing Belmont,2280 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Belmont is $490000, with sellers offering an average of -6.55% off the asking price.
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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.