Belmore (postcode 2192) is an established suburb in New South Wales within the Canterbury-Bankstown local government area. With a population of 13,781, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $76K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Greek, Lebanese, Chinese.
Belmore has a median house price of $1.8 million, which has grown strongly by 7.4% year-on-year. Units have a median price of $873,000 (+41.9% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,156.
Belmore is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 46 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.7% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 24.1x is considered stretched. House prices have moved +7.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.