Property value increases in Belmont have tracked higher than the NSW average of 10.58% over the last 12 months.
Belmont,2280 was ranked 406 in Australia by increase in median property value over the quarter.
At number 448th of NSW’s most discounted properties, Belmont is in the bottom 40% of the state/territory when listing in order of most discounted to least.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.52%, without taking into account capital value appreciation, which has been averaging out at 6.04%.
With a capital gain of 9.69% for the last 12 months, Belmont, 2280 has performed for property investments than its average annual 1.20% property growth over the last 5 years.
Belmont,2280 has offered an average of 9.69% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Belmont are currently offering property investors an average price cut of -5.30% below the asking price at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.