With a capital gain of -2.79% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 5.34% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Belmont,2280 has racked up an average of -2.79% over the period. This ranks it number 608th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -6.45% to real estate investors.
Belmont is in the bottom 20% in NSW when comparing median price capital growth over the last year. Belmont gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.39%.
Belmont,2280 has offered an average of -11.39% return per annum in house price rises to property investors over the last three years.
Belmont2280 is located in NSW which offers an average discount of -5.74% to property investors. Belmont itself is showing figures that indicate -7.71% is the average achievable by property buyers investing in the suburb.
In the last year 33 properties changed hands in Belmont, which puts it as the 304th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Belmont being $447500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.07%
Information supplied by:
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.