Belmont, 2280 ranked 1118th 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
Comparing Belmont,2280 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Belmont is offering property investors an average of -2.11. This rate of discount on properties puts Suburb at number 749th in terms of most discounted suburbs in NSW
NSW has seen average median house prices change by 9.41% which means that Belmont, 2280 has done well for property investors by showing a capital gain of 29.72% over the last year
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of -4.03%. This puts Suburb as 650 on a list of fastest fasting appreciating suburbs in NSW
At number 342th of NSW’s most discounted properties, Belmont is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Situated 101.65km 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.