With a capital gain of -6.25% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 5.69% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Belmont comes in at number 378th in NSW.
Belmont2280 is located in NSW which offers an average discount of -7.26% to property investors. Belmont itself is showing figures that indicate -7.58% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Belmont have been waiting around 66.7586 days to sell a property.
Belmont, 2280’s gross rental yield is 3.71%
Property value increases in Belmont have tracked higher than the NSW average of -3.53% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Belmont has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Belmont is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 205th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $17680 per annum or $340 every week.
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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.