With a capital gain of 0.40% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 6.22% property growth over the last 5 years.
While Belmont,2280 ranked number 499th in NSW for increase in median house value (annualised) increase, it is ranked 526th over the last 5 years.
The most recent median price for Belmont is $627500, with sellers offering an average of -6.31% off the asking price.
Renters in Suburb are facing rents around $22100 per annum or $425 every week.
NSW has seen average median house prices change by -0.14% which means that Belmont, 2280 has not done well for property investors by showing a capital gain of 13.38% over the last year
Taking the average capital gain, or increase in median house value, Belmont,2280 has racked up an average of 13.38% over the period. This ranks it number 240th in the whole country for real estate investors looking at median house price increases.
Belmont, 2280 is offering NSW ‘s 236th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Using the current median advertised rental of $342.5 and the average annual increase in value of a median property of 3.03%, investors should hope to achieve an overall return of 3.50%
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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.