The post-budget guide to commercial property investing

Belmont

POSTAL CODE: NSW, 2280
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BELMONT ranks 282nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 8.91% for the past year is lower than average compared to its 49.13% growth within a five-year period.

Also in BELMONT, the median home price is sitting at $1,070,000, and the average rent at $700, this suggests property owners could potentially earn a 3.4% increase in gross rental yield.

Property investors have seen a 5.94% gain in BELMONT based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.41% growth over a ten-year period. It ranks 121st on our list of suburbs that property investors should look into.

Surburb overview

Belmont is a lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2280, situated on the eastern side of Lake Macquarie and south of Newcastle.

The suburb is about 20 kilometres south-west of Newcastle’s central business district, with the Pacific Highway providing a major road connection through the area.

The 2021 Census recorded 7,289 residents in Belmont, comprising 48.5 per cent male and 51.5 per cent female residents. 

The median age was 48, compared with 39 across NSW, while 4.9 per cent of residents identified as Aboriginal and/or Torres Strait Islander. 

Belmont contained 3,460 private dwellings, with an average household size of 2.2 people and a median weekly household income of $1,280. 

The suburb does not have a railway station, so residents generally use buses or travel to nearby stations to connect to the wider rail network.

Bus services operate along the Pacific Highway and through surrounding residential areas, providing connections with other parts of Lake Macquarie and Newcastle.

Belmont Public School, Belmont High School and St Francis Xavier’s Primary School provide education within the local area, with additional schools in neighbouring suburbs. 

Belmont has an established commercial centre around the Pacific Highway, where residents can access supermarkets, shops, pharmacies, professional services and other everyday facilities.

Belmont Hospital provides local healthcare services and is accessible from Croudace Bay Road and Green Point Drive. 

Lake Macquarie supports boating, sailing, fishing, kayaking and other water-based activities along Belmont’s western boundary.

Belmont 16s provides access to sailing and other club activities on the lakefront, while nearby foreshore areas offer additional opportunities for walking and recreation.

Belmont Wetlands State Park lies near the suburb and includes bushland, wetlands, tracks and coastal environments that extend towards the Pacific Ocean.

Green Point Foreshore Reserve, immediately north-west of Belmont, provides further walking tracks, picnic areas and access to the Lake Macquarie shoreline.

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