Over the last year, property investments in Belmont, 2280 have given investors a capital gain of 16.61%. This compares favourably with the 14.73% for NSW as a whole.
Belmont,2280 was ranked 1867 in Australia by increase in median property value over the quarter.
Property buyers and investors in Belmont 2280 should be seeing an average reduction in asking price of around -3.60% . This means that Belmont is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 12.17 sales per month, which equates to 146 per year.
With the median price for a house in Belmont being $712500 and the advertised rent reaching $442.5 the gross rental yield for property investors calculates out to be 3.23%
Over the last year, property investments in Belmont, 2280 have given investors a capital gain of 10.39%. This compares favourably with the 7.34% for NSW as a whole.
If we look at median property appreciation over just the last three months, Belmont has given property investors a paper return of 11.64%. This puts Suburb as 44 on a list of fastest fasting appreciating suburbs in NSW
Belmont2280 is located in NSW which offers an average discount of -4.22% to property investors. Belmont itself is showing figures that indicate -4.43% is the average achievable by property buyers investing in the suburb.
A $372.5 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 2.30%.
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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.