Belmont (postcode 2280) is a moderately sized suburb in New South Wales within the Lake Macquarie local government area. It is home to about 7,289 residents, with an older-leaning population and a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Belmont stand at $1.3 million, having surged by 25% over the last twelve months. Units have a median price of $620,000 (+8.3% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,058.
Belmont is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 58 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, Belmont shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 18.8x is considered stretched. House prices have moved +25.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.