Belmont is a mid-sized suburb in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 7,289, the suburb has a mature demographic with a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Belmont is $1.0 million, having dipped slightly 2.6% over the past year. Units have a median price of $540,000 (-2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Belmont offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.4x is considered stretched. House prices have moved -2.6% year-on-year.
Belmont is a mid-sized suburb in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 7,289, the suburb has a mature demographic with a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Belmont is $1.0 million, having dipped slightly 2.6% over the past year. Units have a median price of $540,000 (-2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Belmont offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.4x is considered stretched. House prices have moved -2.6% year-on-year.