Belmont has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.65% to date .
Belmont,2280 was ranked 3281 in Australia by increase in median property value over the quarter.
Vendor discounting in Belmont is giving property investors an average Vendor Discount of around -5.30%. This puts suburb at number 713th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 10.42 sales per month, which equates to 125 per year.
Situated 101.87km from the CBD, Belmont is one of Lake Macquarie localities in the postcode 2280.
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 10.36%
A 34.35% growth in median value for property investors in Belmont,2280 puts this suburb at number 191th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -4.88% to buyers in Belmont at the moment, which is less than average for the rest of NSW.
Situated 90.58km from the CBD, Belmont is one of Lake Macquarie localities in the postcode 2280.
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August 2018
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In the Newcastle region, the suburb of Belmont is one of the top growing house markets in NSWFull summary
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.
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