Bolton Point is a suburb of City of Lake Macquarie in New South Wales, Australia. It is located northeast of Toronto on a peninsula extending southwards into western Lake Macquarie. The size of Belmont is approximately 1.7 square kilometres. The population of Bolton Point in 2011 was 2,297 people. By 2016 the population was 2,115 showing a population decline of 7.9% in the area during that time. Bolton Point was a misname of Boughton Point, then Broughton Point and Boyce ‘s Point. John Boughton acquired 149 acres in Lake Macquarie in 1833 and called it Boughton Point. The name Bolton Point seems likely to have been adopted in early Quigley time. In the UK, Bolton is a county borough. The first subdivision on the peninsula was called Bolton Point Road in 1915. It is considered a great suburb with low cost of living, good parks and recreation, clean and green, good childcare, and peace and quiet. Perfect for the retirees, families with kids, professionals, and singles. It is a wonderful neighbourhood with good options to buy and sell homes.
Real Estate in Bolton Point
Median selling price for houses here is $492,500 in May 2020. This is at an increase of 18.96% in the period May 2019 – May 2020 compared to last year. Median selling price of homes in the May 2019 was $414,000. Total sales of homes were 35 in the May 19-May 20 period. The median rent for homes is $400 per week at a growth rate of 5.1%. This is for 61 homes that went on rent in the last 12 months. Median selling price for units here is between $200,000 – $400,000. This is for 2 units that were sold in the the May 19-May 20 period. Bolton Point is good for property management as you can buy and sell homes currently for good prices.
Population in Bolton Point
This suburb has a mixed population. There are 38% childless couples, 31% are couples with children and 30% are single-parent families. Seniors above the age of 60 are 28% people. Between 40 to 59 years, there are about 26% people, and between 20 to 39 years there are about 21% people. Up to 19 years, there are about 24% babies and children. The predominant age group in Bolton Point is 50-59 years. Households in Bolton Point are primarily childless couples and are likely to be repaying $1400 – $1799 per month on mortgage repayments. In general, people in Bolton Point work in a professional occupation.
Income in Bolton Point
Household income is up to $52,000 for about 44% households. The same is between $52,000 and $130,000 for another 36% households. The rest earn between $132,000 to $182,000.
Homes in Bolton Point
26% homes are fully owned, 29% are purchasing homes and 40% 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