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
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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.