Two of Brisbane's main roads, the Gateway Motorway above and Old Cleveland Road underneath, cross at a large intersection in Belmont. Belmont has become an affluent suburb with large estates sitting on acres of land. Homes can range from around 3,500 square feet (330 m²) to 10,000 square feet (930 m²) and over.

In the 2011 census, Belmont recorded a population of 4,594 people, 51.6% female and 48.4% male. The median age of the Belmont population was 37 years of age. 72.7% of people living in Belmont were born in Australia, compared to the national average of 69.8%; the next most common countries of birth were New Zealand 5.3%, England 3.7%, South Africa 1.3%, Italy 0.9%, China 0.8%. 81.9% of people spoke only English at home; the next most popular languages were 2.5% Greek, 1.4% Italian, 1.3% Hindi, 1.3% Mandarin, 0.9% Cantonese.

The local indigenous people hunted and camped within the creeks and hills of Belmont, both before and after white settlement of the area. A corroboree ground existed on banks of Bulimba Creek and mineral springs near Mount Petrie were a popular camping spot for the Aboriginal people.

Andrew Petrie had reported that fine timber existed in the area. The Hoop Pine brought timber cutters to the area in the 1850s and by the 1860s and 1870s the cleared land near the creeks and the rich soils from the cleared forests were used to grow sugar cane. As sugar production declined in southern Queensland, farmers moved to growing pineapples, bananas and small crops including tomatoes, potatoes and grapes. Dairies and fodder farms were also located in the area.

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