Belmont, 2280 ranked 605th 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
Taking the average capital gain, or increase in median house value, Belmont,2280 has racked up an average of 4.03% over the period. This ranks it number 724th in the whole country for real estate investors looking at median house price increases.
Belmont, 2280 is offering NSW ‘s 362th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
On average over the past year, suburb has had 11.58 sales per month, which equates to 139 per year.
With the median price for a house in Belmont being $645000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.47%
If you compare the increase in value of investment property in Belmont, 2280 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.49%.
Over the longer term, Belmont has seen property prices show investors a 28.86% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Belmont is $480000, with sellers offering an average of -2.71% off the asking price.
In the last year 41 properties changed hands in Belmont, which puts it as the 298th most active market in NSW when comparing the number of sales per suburb.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 2.25%.
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Information supplied by:
August 2018
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In the Newcastle region, the suburb of Belmont is one of the top growing house markets in NSWFull summary
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.
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