Belmont has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.79% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Belmont comes in at number 665th in NSW.
Property investors looking for a bargain in Belmont should be aiming for at least -5.37% off the asking price, which is the average vendor discount being achieved at the moment.
Belmont, 2280’s gross rental yield is 3.51%
Investment property in Belmont has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.18%
The five-year average increase in median property values for Belmont,2280 has given property investors a potential capital gain of 24.48% across each of those five years.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
The NSW suburb of Belmont, 2280 is in the Lake Macquarie (C) local government area.
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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.