AREA REPORTS

Belmont North

 

 

NSW/
Belmont north

Suburb Profile

Belmont North - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2280

house
unit

BELMONT NORTH, 2280 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling BELMONT NORTH, 2280 values up and netting property investors a capital gain of 2.23% for the past year.

Investors saw the median home price rise to $572,500.

Profits due to an upward trend in home prices in the suburb averaged 9.17% per annum over a 3-year period.

BELMONT NORTH now ranks at the 1000th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BELMONT NORTH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $445 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BELMONT NORTH, homes and units usually stay on listing for an average of 48.1 days.

In 2016, 122 properties were sold in BELMONT NORTH during the past year, making it the 1325th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $572,500 $450,000
GROWTH REPORT
Median Quarterly -3.78% 0%
Median 12 month 2.23% 8.3%
Median 3 years 27.51% N/A
Median 5 years 35.99% N/A
10 years average annual 6.5% 8.3%
Weekly media advert. rent $445 $385
Time on Market 48.1 days 0.0 days
Gross Rental Yield Percent 4.04% 4.45%
demographics (median values)
Total Population
5581
Weekly Household Income
865.6
Household Size
2.60
demographics
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