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 4.10%
Belmont,2280 was ranked 2114 in Australia by increase in median property value over the quarter.
At number 207th of NSW’s most discounted properties, Belmont is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 99 properties changed hands in Belmont, which puts it as the 252th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Belmont being $635000 and the advertised rent reaching $427.5 the gross rental yield for property investors calculates out to be 3.50%
NSW has seen average median house prices change by 4.76% which means that Belmont, 2280 has done well for property investors by showing a capital gain of -4.19% over the last year
While Belmont,2280 ranked number 466th in NSW for increase in median house value (annualised) increase, it is ranked 283th over the last 5 years.
A $387.5 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 2.05%.
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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.