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Belmont North
AREA REPORTS

Belmont North

Belmont North - 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 14.93% for the past year.

Investors saw the median home price rise to $635,000.

Profits due to an upward trend in home prices in the suburb averaged 3.48% per annum over a 3-year period.

BELMONT NORTH now ranks at the 246th 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 $450 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 34.0 days.

In 2016, 110 properties were sold in BELMONT NORTH during the past year, making it the 1385th most active market in NSW based on total real estate transactions.

Data report can be found below

Belmont North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $635,000 $460,000
GROWTH REPORT
Median Quarterly 7.63% 0.55%
Median 12 month 14.93% N/A
Median 3 years 10.43% 10.44%
Median 5 years 43.02% N/A
10 years average annual 5.55% N/A
Weekly media advert. rent $450 $355
Time on Market 34.0 days 0.0 days
Gross Rental Yield Percent 3.69% 4.01%
demographics (median values)*
Total Population
26678
Weekly Household Income
1327
Household Size
2.50
Age
44
Monthly Loan Repayment
1842
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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