Get a property report and suburb profile for any property in Belmore

Belmore is an inner south-west Sydney suburb centred on Belmore station. Streets of interwar cottages, modest terraces and low-rise apartment blocks create a worked-in residential feel that attracts young families, renters and longer-term locals. A compact shopping strip and everyday cafes near the station and Canterbury Road, together with Belmore Oval and several pocket parks, provide local shops and outdoor space, and rail and bus links connect the suburb to other parts of Sydney.

Belmore has 13,781 residents and a median age of 38. About three-quarters of families are couple families, and homes are slightly more owner-occupied than rented (55.1% owner-occupied, 44.8% renters). Significant local projects are under way, including an approved Bulldogs Centre of Excellence at Belmore Oval, an upgrade of Belmore Station to Sydney Metro standards, and council planning and community centre refurbishments. Whether Belmore suits you depends on whether that mix of established streets, shops, parks and projects matches what you want.

On the figures, buying in Belmore sits well above what a typical local household earned in a year at the last Census: the median house price of $1,500,000 is about 19.8 times a local year's household income at the last Census, and the median unit price of $610,000 is about 8.1 times a local year's household income. Those price multiples show buying is well above local incomes on these measures.

Renting also takes a large slice of local incomes. A house rent of $890 a week would be about 61.1% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $580 a week would be about 39.8% of that weekly income, a sizeable share. If you're renting rather than buying, the rent-share figures are the most directly relevant; if you're looking to buy, the price multiples are the key measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest story in Belmore over the past 12 months is that houses have been the stronger performer. Median house values climbed 13.5% while house rents rose 11.2%, both large increases with value growth a little ahead of rents. By comparison, unit values were up 5.1% (a solid rise) and unit rents increased 3.6% (a modest rise).

If you are weighing Belmore as an investment, those value figures speak to capital growth and the rent figures speak to rental income; houses showed larger gains on both measures this year. Whether that pattern fits your goals and circumstances is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.