Belmont North is a mid-sized suburb in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 6,291, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Belmont North is $1.8 million, having surged 83.4% over the past year. Units have a median price of $625,000 (-2.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,955.
Belmont North is served by 1 school, including 1 combined. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 4 rail stations, 49 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Belmont North offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 19.9x is considered stretched. House prices have moved +83.4% year-on-year.
Belmont North is a mid-sized suburb in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 6,291, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Belmont North is $1.8 million, having surged 83.4% over the past year. Units have a median price of $625,000 (-2.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,955.
Belmont North is served by 1 school, including 1 combined. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 4 rail stations, 49 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Belmont North offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 19.9x is considered stretched. House prices have moved +83.4% year-on-year.