Belmont

Belmont, NSW 2280, is a suburb with a total population of 7,289. The area has a diverse age group distribution, with a significant number of residents aged between 45 to 64 years and 65 years or over. The median household income is relatively average. The suburb offers good commuting options, with a notable percentage of residents working from home (WFH). Additionally, there is a good mix of occupational profiles, with professionals, managers, and technicians/tradeworkers being the top three occupations in the area. Belmont has a moderate social housing ratio and a low vacancy rate, indicating a stable housing market. For houses in Belmont, the suburb has shown strong growth trends, with a high market absorption rate and online search interest. The median growth rate is favourable, suggesting potential capital appreciation. With a high room demand-supply ratio, there is an opportunity for homeowners to rent out rooms for additional income. Additionally, the suburb's sale price distribution indicates potential for renovation opportunities due to the high sale price IQR ratio. For units, Belmont also offers steady growth potential with a good market absorption rate, indicating a high buyer demand, while the affordability index is relatively low. Belmont, NSW 2280, offers a stable housing market for both houses and units. The suburb presents opportunities for capital growth, particularly in the house market, due to strong market absorption rates and a healthy online search interest. With a variety of commuting options and a good mix of occupations, Belmont caters to a diverse resident demographic. Investors and homeowners interested in room rentals may find Belmont to be a promising location for property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022