Belmont (NSW)

Belmont is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, Belmont's population is estimated at around 7,487 as of Feb 2026. This reflects an increase of 198 people (2.7%) since the 2021 Census, which reported a population of 7,289 people. The change is inferred from the resident population of 7,384, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 144 validated new addresses since the Census date. This level of population equates to a density ratio of 683 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Belmont's 2.7% growth since census positions it within 1.4 percentage points of the SA3 area (4.1%), demonstrating competitive growth fundamentals. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 93.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Moving forward with demographic trends, Over this period, projections indicate a decline in overall population, with the suburb's population expected to shrink by 213 persons by 2041 according to this methodology. However, growth across specific age cohorts is anticipated, led by the 85 and over age group, which is projected to increase by 212 people.

AreaSearch assessment of residential development drivers sees a low level of activity in Belmont, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers indicates Belmont has seen around 23 new homes approved annually over the past five financial years ending June 2021, totalling an estimated 115 homes. As of July 2026, seven approvals have been recorded in FY-26. Despite population decline during this period, housing supply has remained adequate relative to demand, resulting in a well-balanced market with good buyer choice. The average expected construction cost value for new dwellings is $662,000, reflecting a focus on the premium segment with upmarket properties.

This financial year, commercial development approvals totalling $28.7 million have been recorded, indicating strong commercial development momentum. Compared to Rest of NSW, Belmont records approximately three-quarters the building activity per person and ranks among the 54th percentile of areas assessed nationally, suggesting market maturity and possible development constraints. New building activity comprises 64.0% detached dwellings and 36.0% attached dwellings, with a growing mix of townhouses and apartments offering options across different price points. Belmont has approximately 293 people per dwelling approval, indicating a low density market.

Population projections showing stability or decline suggest reduced housing demand pressures, potentially benefiting potential buyers.

Belmont has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 16 projects that could affect the area. Notable ones are Woolworths Belmont North Supermarket Development, Belmont South Foreshore Stabilisation, Brooks Parade Belmont Mixed Use Development, and Billy's Lookout, Teralba. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The labour market performance in Belmont lags significantly behind most other regions nationally

Belmont has a skilled workforce with essential services sectors well represented. The unemployment rate is 5.3%, according to AreaSearch's aggregation of statistical area data. As of December 2025, 3445 residents are employed while the unemployment rate is 1.3% higher than Regional NSW's rate of 3.9%.

Workforce participation in Belmont is lower at 56.6%, compared to Regional NSW's 61.3%. A moderate 22.9% of residents work from home, considering Covid-19 lockdown impacts. Key industries for employment among residents are health care & social assistance, construction, and retail trade. Construction shows strong specialization with an employment share 1.4 times the regional level.

However, agriculture, forestry & fishing is under-represented at 0.3% compared to Regional NSW's 5.3%. Local employment opportunities exist but many residents commute elsewhere for work based on Census data. Over the 12 months to December 2025, labour force levels increased by 1.1% while employment decreased by 0.9%, causing unemployment to rise by 2.0 percentage points in Belmont. In Regional NSW, employment fell by 1.2%, labour force contracted by 0.8%, and unemployment rose by 0.4 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years for national employment. Applying these projections to Belmont's employment mix suggests local employment should increase by 6.8% over five years and 14.0% over ten years, based on simple weighting extrapolation for illustrative purposes only.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Belmont's median income is $48,697 and average income is $63,738. This is below the national averages of $52,390 (median) and $65,215 (average). Regional NSW has a median income of $52,390 and an average income of $65,215. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates for Belmont would be approximately $53,012 (median) and $69,385 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes in Belmont all fall between the 18th and 27th percentiles nationally. The earnings profile shows that 24.8% of locals (1,856 people) earn between $1,500 - 2,999, which aligns with regional levels where this cohort represents 29.9%. Housing affordability pressures are severe in Belmont, with only 81.7% of income remaining, ranking at the 17th percentile nationally. The area's SEIFA income ranking places it in the 4th decile.

Belmont displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Dwelling structure in Belmont, as evaluated at the latest Census, consisted of 70.0% houses and 30.0% other dwellings (semi-detached, apartments, 'other' dwellings). This compared to Regional NSW's 82.6% houses and 17.4% other dwellings. Home ownership in Belmont was at 41.7%, with the rest of dwellings either mortgaged at 26.7% or rented at 31.6%. The median monthly mortgage repayment in Belmont was $2,058, higher than Regional NSW's average of $1,733. Median weekly rent in Belmont was recorded at $340, slightly above Regional NSW's figure of $330. Nationally, Belmont's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were lower than the national figure of $375.

Belmont features high concentrations of lone person households, with a lower-than-average median household size

Family households constitute 64.0% of all households, including 21.3% couples with children, 29.2% couples without children, and 12.5% single parent families. Non-family households account for the remaining 36.0%, with lone person households at 33.4% and group households comprising 2.5%. The median household size is 2.2 people, which is smaller than the Regional NSW average of 2.4.

Educational outcomes in Belmont fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 19.9%, significantly lower than the NSW average of 32.2%. Bachelor degrees are most common at 13.8%, followed by postgraduate qualifications (4.0%) and graduate diplomas (2.1%). Vocational credentials are prevalent, with 40.5% of residents aged 15+ holding them, including advanced diplomas (10.8%) and certificates (29.7%). Educational participation is high, with 25.8% of residents currently enrolled in formal education, comprising 8.2% in primary, 7.3% in secondary, and 4.1% in tertiary education.

Educational participation is notably high, with 25.8% of residents currently enrolled in formal education. This includes 8.2% in primary education, 7.3% in secondary education, and 4.1% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis of public transport in Belmont shows that there are 70 active transport stops currently operating within the area. These stops serve a mix of bus routes, with a total of 40 individual routes providing service. Collectively, these routes facilitate 839 weekly passenger trips. The accessibility of transport in Belmont is rated as excellent, with residents typically located approximately 124 meters from their nearest transport stop. As a primarily residential area, most residents commute outward from Belmont. The car remains the dominant mode of transportation at 92%, while walking accounts for 4% of commutes.

On average, there are 1.2 vehicles per dwelling in Belmont, which is below the regional average. According to the 2021 Census, 22.9% of residents work from home, a figure that may be influenced by COVID-19 conditions. The service frequency across all routes averages 119 trips per day, equating to approximately 11 weekly trips per individual stop.

Health performance in Belmont is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Belmont faces significant health challenges, according to AreaSearch's assessment.

Mortality rates and chronic condition prevalence are substantial across both younger and older age groups. The rate of private health cover is approximately 52% of the total population (~3,904 people), slightly higher than the average SA2 area. The most common medical conditions are arthritis (12.0%) and mental health issues (10.0%). Conversely, 58.2% of residents report no medical ailments, compared to 63.3% across Regional NSW. The working-age population faces notable health challenges due to elevated chronic condition rates. Belmont has a higher proportion of seniors aged 65 and over at 28.3% (2,118 people), compared to 23.4% in Regional NSW. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

Belmont is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Belmont's cultural diversity was found to be below average, with 89.2% of its population born in Australia, 92.1% being citizens, and 95.8% speaking English only at home. The dominant religion in Belmont is Christianity, accounting for 56.0% of the population, compared to 55.9% across Regional NSW. Regarding ancestry, the top three represented groups in Belmont are English (33.2%), Australian (30.6%), and Scottish (9.1%).

Notably, Welsh (0.8%) and Macedonian (0.3%) ethnicities are relatively overrepresented compared to regional averages of 0.5% and 0.4%, respectively, while Russian ethnicity is also slightly higher at 0.3%.

Belmont hosts an older demographic, ranking in the top quartile nationwide

Belmont's median age is 48 years, which is older than Regional NSW's 43 and significantly higher than the Australian median of 38. The age profile shows that individuals aged 85+ are particularly prominent at 5.0%, while those aged 5-14 are comparatively smaller at 8.7% compared to Regional NSW. According to post-2021 Census data, the population aged 25-34 has grown from 10.9% to 12.3%, and the 75-84 cohort has increased from 8.6% to 9.8%. Conversely, the age group of 5-14 has declined from 9.9% to 8.7%, and those aged 45-54 have dropped from 12.0% to 10.8%. Demographic modeling suggests that Belmont's age profile will evolve significantly by 2041, with the 85+ age cohort projected to expand considerably, increasing by 191 people (51%) from 374 to 566. Senior residents aged 65+ are expected to drive 69% of population growth, highlighting demographic aging trends. Meanwhile, both the age groups of 5-14 and 65-74 are projected to see reduced numbers.