Belmont South is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,053, the suburb has a mature demographic with a median age of 48. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Belmont South is $1.1 million, having surged 27.1% over the past year. Units have a median price of $775,000 (+1.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,835.
Public transport access includes 12 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 South offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.8x is considered stretched. House prices have moved +27.1% year-on-year.
Belmont South is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,053, the suburb has a mature demographic with a median age of 48. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Belmont South is $1.1 million, having surged 27.1% over the past year. Units have a median price of $775,000 (+1.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,835.
Public transport access includes 12 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 South offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.8x is considered stretched. House prices have moved +27.1% year-on-year.