Belmore NSW 2192: Property Market Report & Real Estate Insights

Part of Canterbury-Bankstown, NSW

Belmore Real Estate Market Outlook

Thinking about buying in Belmore? Now could not be a better time, with 7834 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,213,000 with prices in this suburb ranging from $16,000 to $14,334,000. Belmore is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Belmore

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Belmore is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Belmore changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Belmore to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Belmore, located in the Canterbury-Bankstown region of New South Wales, is a suburb that has seen significant development and interest in its housing market in recent years. As of the latest data, housing prices in Belmore have experienced moderate increases, reflecting a trend seen across the Greater Sydney area. The suburb offers a mix of residential options, from traditional family homes and charming period properties to modern apartments and townhouses, catering to a diverse range of buyers. This variety attracts both young professionals and families seeking more affordable alternatives to the central Sydney market. Additionally, Belmore's proximity to essential amenities, such as schools, parks, and shopping centers, as well as its relatively easy access to Sydney’s Central Business District via public transport, makes it an appealing option for many homebuyers.

Living in Belmore presents a blend of suburban tranquility and urban convenience. The area is known for its culturally diverse community, which is reflected in the variety of local eateries, shops, and cultural events that take place throughout the year. Belmore residents enjoy a relaxed pace of life, with plenty of green spaces, such as parks and sports fields, which are perfect for families and outdoor enthusiasts. The suburb’s community vibe is strengthened by local initiatives and a buoyant small business scene that adds to the character of the area. Furthermore, the recent infrastructure developments around Canterbury-Bankstown have enhanced lifestyle amenities, making Belmore an increasingly popular choice for those looking to balance work and life while staying connected to the vibrancy of Sydney.

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