Giving property investors a an unimpressive capital gain of -7.03% for the last year, Belmont, 2280 is the 3066th highest performer in Australia in this respect.
A 30.77% growth in median value for property investors in Belmont,2280 puts this suburb at number 930th in terms of best performing suburbs in NSW
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 -6.47% is being offered, which puts this NSW suburb at 1756th most discounted overall in Australia.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 5.80%, investors should hope to achieve an overall return of 3.58%
Belmont, 2280 ranked 140th 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
Over the longer term, Belmont has seen property prices show investors a 14.63% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Belmont is $470000, with sellers offering an average of -6.98% off the asking price.
Situated 101.63km from the CBD, Belmont is one of Lake Macquarie (C) localities in the postcode 2280.
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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.