The Amato Property Blog

Suburb snapshot: Belmont

Nestled on the eastern shore of Lake Macquarie, Belmont is a picturesque suburb just 20km south of Newcastle’s bustling CBD.

Known for its stunning lake views and proximity to the beach, Belmont offers an idyllic lifestyle that’s perfect for those seeking a blend of relaxation and convenience.

Whether you’re drawn to water sports, lakeside picnics, or simply soaking in the beauty of nature, Belmont has something for everyone.

Belmont’s charm lies in its unique location—set between the expansive Lake Macquarie and the pristine coastline, including popular spots like Blacksmiths Beach.

The suburb’s lakeside appeal attracts locals and visitors alike. With plenty of opportunities for fishing, kayaking, sailing, and waterfront dining.

Belmont provides an escape from the hustle and bustle of city life without sacrificing access to modern amenities and quick connections to Newcastle’s city center.

Education & Community Life

Families are well catered for in Belmont, with several quality schools and preschools available. Belmont Public School, Belmont North Public School, and Belmont High School are popular choices for local students, known for their strong academic programs and supportive communities.

Belmont Christian College offers a private alternative with a Christian-based curriculum from preschool to Year 12. Preschools like Uniting St Luke’s and Creative Kids ensure that even the youngest residents have access to great early education options.

Beyond schools, Belmont’s community life revolves around its proximity to Lake Macquarie. With an active lifestyle that includes boating, fishing, and regular family picnics by the lake, the suburb fosters a strong, close-knit community. Sporting clubs and local activities help bring residents together, offering a sense of belonging that makes Belmont a standout choice for families and retirees alike.

Cafes, Bars, Restaurants, and Public Spaces

Belmont’s food scene continues to evolve, with a growing number of cafes, bars, and restaurants to choose from. Whether you’re after a morning coffee or a leisurely meal by the water, there’s something to suit every taste.

Local favorites include Good One for coffee and relaxed vibes, Salina Restaurant for Mediterranean-inspired fare, and the Gunyah Hotel for lake views and a laid-back pub atmosphere. For those seeking a social experience with a touch of elegance, Tinta, is your go to. While the Lake Macquarie Yacht Club and Belmont 16s are key spots for dining and entertainment.

Belmont also offers beautiful public spaces like the Belmont Baths, perfect for a swim in the lake, and Belmont Foreshore Park, where locals can enjoy leisurely walks, picnics, or fishing from the shore. For those looking to get active, the Fernleigh Track provides a scenic route for walkers and cyclists, stretching all the way from Belmont to Newcastle.

Property Market Guide

The Belmont property market is thriving, offering a range of homes for every type of buyer. From stunning waterfront houses to modern townhouses and established family homes, Belmont has something to suit every lifestyle.

The median house price currently sits at around $955,000, making it a relatively affordable option compared to the high property prices seen in Newcastle’s coastal suburbs like Merewether. Apartments and units in Belmont are particularly popular among downsizers and investors, with a median unit price of $562,000.

For those looking to enter the rental market, Belmont provides competitive options. Weekly rents typically range from $450 for apartments to $590 for larger homes, driven by the high demand for lake views and outdoor amenities. Investors will find properties with granny flat potential an excellent opportunity to optimise returns.

Market Dynamics

Despite a slight cooling in sales volume in the first half of 2023, Belmont’s property market remains strong, buoyed by its lakeside location and more affordable pricing. Rental demand has continued to rise, particularly for homes close to the water or beach, maintaining a competitive rental market.

The average days on the market hover around 39 to 48 days, indicating a balanced market where buyers and sellers have room to negotiate. However, with a current inventory level of just 3.3 months, Belmont’s property market remains tight, potentially reducing the opportunity for negotiation.

Financial Considerations

Belmont remains an attractive option for those looking to buy in an affordable yet desirable location. Median household incomes in the area are in line with national averages, and lower property prices compared to Newcastle’s inner suburbs make mortgages more manageable. Belmont’s rental yield for houses is around 3.2%, offering investors solid returns on their investments.

The suburb’s vacancy rate is also impressively low at 0.73%, signaling strong demand in the rental market and ensuring steady income for landlords. The balance of owner-occupiers (66%) and investors (34%) in the area also supports the stability and appeal of Belmont as both a residential and investment hotspot.

Investment Potential

Belmont’s combination of lakeside living, affordability, and proximity to both Lake Macquarie and the coast makes it a highly appealing option for investors.

The suburb attracts a diverse range of residents, from retirees looking for peace and tranquility to young families drawn to the area’s outdoor lifestyle and excellent schools. Water sports enthusiasts and beach lovers also find Belmont’s location irresistible.

Ongoing development projects and infrastructure upgrades around Lake Macquarie, coupled with a steady stream of new residential developments, are set to further enhance Belmont’s appeal in the coming years. Investors can look forward to consistent rental demand, especially for properties offering water views or proximity to Belmont’s many recreational areas.

Final Thoughts

Belmont is a suburb that offers it all—stunning natural surroundings, a growing food and social scene, and an affordable yet dynamic property market.

Its lakeside charm combined with urban convenience makes it a standout destination for homebuyers and investors alike. Whether you’re looking to settle down or make a smart investment, Belmont provides long-term growth potential and a quality lifestyle.

Property Spotlight!

12 The Shores Way Belmont NSW 2280

Contemporary Architectural Haven for a Perfect Lifestyle

An idyllic family lifestyle with sophisticated design and panoramic lake views. Spanning three luxurious levels, it boasts open-plan living, high-end finishes, and proximity to Green Point Reserve and top local schools.

Sold (Jun 12 2024): $2,976,000

Contemporary Architectural Haven for a Perfect Lifestyle

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Disclaimer

Amato Property, together with their directors, officers, employees and agents have used their best endeavours to ensure the information passed on in this document is accurate. However, you must make your own enquiries in relation to the information contained in this document and seek advice from your financial advisor, broker or accountant to ascertain its application to your circumstances.