Suburb Profile Report for Belmont NSW (2280)

Belmont House: Median price $635,000, Annual capital growth 5.94%, Number of sales 130, Weekly median advertised rent $423

Belmont Unit: Median price $503,500, Annual capital growth 2.73%, Number of sales 31, Weekly median advertised rent $348

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Investment property in Belmont has done pretty 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 -3.36%

Across a shorter period, Belmont, 2280 has seen a median price increase of 0.00% over the last quarter.

The most recent median price for Belmont is $635000, with sellers offering an average of -7.36% off the asking price.

With the median price for a house in Belmont being $635000 and the advertised rent reaching $422.5 the gross rental yield for property investors calculates out to be 3.52%

Over the last year, property investments in Belmont, 2280 have given investors a capital gain of 9.19%. This compares very favourably with the -1.55% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Belmont,2280 has racked up an average of 9.19% over the period. This ranks it number 340th in the whole country for real estate investors looking at median house price increases.

Belmont2280 is located in NSW which offers an average discount of -6.52% to property investors. Belmont itself is showing figures that indicate -5.93% is the average achievable by property buyers investing in the suburb.

In the last year 31 properties changed hands in Belmont, which puts it as the 327th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $347.5 mark per week – giving a return of 3.58% based on the median price in Suburb

Information supplied by:


August 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$635,000 $503,500
0.00% -0.69%
-3.36% 9.19%
5.94% 2.73%
$423 $348
130 31
3.52% 3.58%
59.194443 71.44444

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 6419
Median household income ($/weekly) 860
Median age of persons 46
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 732 11.4
    35-44 years 795 12.4
    45-54 years 929 14.5
    55-64 years 854 13.3
    65-74 years 693 10.8
    Others 2416 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 2482 50.5
    Not Married 2138 43.5
    Defacto Relationship 293 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5554 91.1
    Papua New Guinea 53 0.9
    South Africa 34 0.6
    United Kingdom 219 3.6
    Other 58 1.0
    Others 177 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.5
    Christianity 4716 79.0
    Islam 20 0.3
    Other Religious Groups 25 0.4
    No Religion 1162 19.5
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 297 12.3
    $400-$599 389 16.2
    $600-$799 277 11.5
    $800-$999 209 8.7
    $1,500-$1,999 212 8.8
    Others 1024 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2278 44.9
    Employed, worked full-time 1575 31.0
    Employed, worked part-time 884 17.4
    Employed, away from work 170 3.3
    Unemployed, looking for work 169 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 298 11.3
    Professionals 471 17.9
    Technicians & trades workers 425 16.2
    Clerical & administrative workers 423 16.1
    Sales 283 10.8
    Others 731 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 113 8.7
    Infants/Primary 461 35.4
    Secondary 428 32.8
    Technical or Further Educational Institution 126 9.7
    University or other Tertiary Institutions 157 12.0
    Others 18 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4855 80.1
    Flat, unit or apartment 605 10.0
    Semi-detached, row or terrace house, townhouse 415 6.8
    Caravan, cabin, houseboat 163 2.7
    House or flat attached to a shop, office 26 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1095 42.0
    Rented 818 31.4
    Being purchased 664 25.5
    Other tenure type 32 1.2
    Tenure Type
Census 2011, ABS
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