Belmont Real Estate
Belmont is a suburb in the Hunter region of New South Wales, Australia. It is located 20 kms. from Newcastle’s Central Business District on the eastern side of Lake Macquarie. The size of Belmont is approximately 10.4 square kilometres. The population of Belmont in 2011 was 6,419 people. By 2016 the population was 7,123 showing a population growth of 11.0% in the area during that time. In terms of amenities, Belmont is home to public and private schools. There are good restaurants, transport, and shopping options here. Belmont has 16 parks and is close to a beach. Hence it is considered excellent for recreation. It is considered a safe suburb with adequate medical facilities and good neighbourly spirit. Perfect for the elderly, families with kids, professionals, and singles. It is a wonderful neighbourhood with good options to buy and sell homes.
Real Estate in Belmont
Median selling price for houses here is $596,250 in May 2020. This is at a decrease of -5.36% in the period May 2019 – May 2020 compared to last year. Median selling price of homes in the May 2019 was $630,000. Total sales of homes were 100 in the May 19-May 20 time period. The median rent for homes is $400 per week at a growth rate of 3.7%. This is for 61 homes that went on rent in the last 12 months. Median selling price for units here is $450,000. Last year’s median selling price was $409,000. This is at an increase of 10.36% as compared to previous year for 33 units that were sold in the the May 19-May 20 time period. The median rent for units is $350 per week at an increase of 3% over previous year. This is based on 51 unit rentals in the last 12 months. Belmont is good for property management as you can buy and sell homes and units currently.
Population in Belmont
This suburb has a mixed population. There are 42% childless couples, 38% are couples with children and 19% are single-parent families. Seniors above the age of 60 are 32% people. Between 40 to 59 years, there are about 27% people, and between 20 to 39 years there are about 20% people. Up to 19 years, there are about 22% babies and children. The predominant age group in Belmont is 50-59 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation.
Income in Belmont
Household income is $52,000 for about 44% households. The same is between $52,000 and $132,000 for another 31% households. The rest earn between $132,000 to $182,000.
Homes in Belmont
40% homes are fully owned, 26% are purchasing homes and 31% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au