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Belmont South suburb profile

Belmont South is a picturesque suburb located in the Lake Macquarie region of New South Wales, known for its serene lakeside setting and relaxed lifestyle. Situated approximately 20km south of Newcastle, it offers residents a tranquil escape with easy access to both urban amenities and natural attractions. The suburb is bordered by the stunning Lake Macquarie, providing ample opportunities for water-based activities such as boating, fishing, and kayaking. Belmont South is characterized by its friendly community, local parks, and proximity to beautiful beaches, making it an ideal location for families and retirees seeking a peaceful yet connected environment.

Belmont South property market performance

Belmont South’s property market has seen little fluctuation over the past 12 months, with both house and unit values remaining stable. The suburb’s median house price has not changed, and no units were sold during this period. Only five houses were sold, with properties taking a median of 71 days to sell, indicating slower activity in the market.

In terms of rental performance, the rental market for houses has shown growth, with a 10.8% increase in average rent to $665. Meanwhile, the unit rental market remains inactive, reflecting limited availability or demand.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-6.0%N/A
Sold
Past 3 months
3N/A
Median days on market
Past 12 months
71N/A
Average rent
Past 12 months
$680N/A
Change in rent
Past 12 months
9.7%N/A

5 year median price trend for houses and units

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Belmont South demographics

Belmont South, located in the Lake Macquarie region of New South Wales, offers a serene lifestyle with its proximity to both the lake and the ocean. With a population of 1,053, this suburb is characterized by a mature demographic, as indicated by the median age of 48. This suggests a community with a significant number of long-term residents and retirees who appreciate the peaceful environment and natural beauty of the area.

The suburb's household composition reveals a balanced mix of family types. Couple families with children make up 32.2% of the population, while couple families without children account for 40.9%. One-parent families represent 23.5%, indicating a diverse family structure within the community. This diversity is complemented by a small percentage (3.4%) of other family types, contributing to the suburb's inclusive atmosphere.

In terms of property ownership, Belmont South shows a varied housing market. A significant portion of the population, 32.9%, owns their homes outright, reflecting stability and long-term investment in the area. Meanwhile, 28.7% of residents own their homes with a mortgage, and 38.4% are renters. This mix of ownership and rental properties suggests a flexible housing market that caters to both established homeowners and those seeking rental opportunities. Overall, Belmont South offers a tranquil lifestyle with a strong sense of community, making it an attractive option for families and retirees alike.

Suburbs near Belmont South

Some popular suburbs near Belmont South include:

  • Marks Point: Known for its waterfront properties and marina, Marks Point is located directly north of Belmont South.
  • Belmont: Offering a vibrant community with shopping and dining options, Belmont is situated to the northwest of Belmont South.
  • Pelican: Known for its relaxed coastal lifestyle and proximity to Lake Macquarie, Pelican lies to the south of Belmont South.
  • Blacksmiths: Featuring beautiful beaches and a laid-back atmosphere, Blacksmiths is located to the southeast of Belmont South.
  • Belmont North: Known for its family-friendly environment and green spaces, Belmont North is situated to the north of Belmont South.

How does Belmont South compare to nearby suburbs?

  • Median house prices: Belmont South’s median house price is 11.2% higher than Belmont North’s.
  • House price growth: Property prices in nearby Marks Point have risen 16.9% more than in Belmont South over the past year.
  • Selling speed for houses: Properties in nearby Marks Point are selling 19.7% faster than in Belmont South.

Choose the right real estate agents in Belmont South

Currently, there are 7 real estate agents working in Belmont South—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 7 agents sold 83.3% of all properties in Belmont South over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Belmont South typically charge a commission of 2.25% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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