At number 109th in the list of Australian suburbs ordered by increase in median house value over the last year, Belmont, 2280 is in the top 10% with a property value increase of 28.60% recorded in median house prices.
While Belmont,2280 ranked number 862th in NSW for increase in median house value (annualised) increase, it is ranked 625th over the last 5 years.
Property buyers and investors in Belmont 2280 should be seeing an average reduction in asking price of around -4.67% . This means that Belmont is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 10.67 sales per month, which equates to 128 per year.
Property investors who have had real estate in Belmont, 2280 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.52%
Belmont,2280 has offered an average of 11.52% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.67% offered to property buyers. Sellers in Belmont itself are offering an average vendor discount of -4.67% to real estate investors.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 2.17%.