Property value increases in Belmont have tracked close to the NSW average of -2.10% over the last 12 months.
The five-year average increase in median property values for Belmont,2280 has given property investors a potential capital gain of 34.66% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -6.61% to real estate investors.
At number 1056 in a list of fastest selling suburbs, Belmont is in the TOP 30% of suburbs in Australia with an average of days on market 65.7361 for properties listed there.
Advertised rents are around the $420 mark per week – giving a return of 3.58% based on the median price in Suburb
With a capital gain of -10.91% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 2.94% property growth over the last 5 years.
Comparing Belmont,2280 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Belmont 2280 should be seeing an average reduction in asking price of around -7.41% . This means that Belmont is holding prices well when compared to other suburbs in NSW.
Situated 101.67km from the CBD, Belmont is one of Lake Macquarie (C) localities in the postcode 2280.
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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.