Over the last year, property investments in Belmont, 2280 have given investors a capital gain of 13.11%. This compares averagely with the 12.10% for NSW as a whole.
Across a shorter period, Belmont, 2280 has seen a median price increase of 1.47% over the last quarter.
At number 497th of NSW’s most discounted properties, Belmont is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $442.5 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 6.26%.
NSW has seen average median house prices change by 5.77% which means that Belmont, 2280 has done well for property investors by showing a capital gain of 11.73% over the last year
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of 14.94%. This puts Suburb as 20 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -4.10%. This puts suburb at number 181th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Belmont the average time real estate has been on the market is 104.478 days.
With the median price for a house in Belmont being $500000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.74%
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Information supplied by:
August 2018
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Houses sell in Lake Macquarie suburb
Postcode: 2280
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.