Property value increases in Belfield have tracked just lower than the NSW average of 6.87% over the last 12 months.
While Belfield,2191 ranked number 797th in NSW for increase in median house value (annualised) increase, it is ranked 321th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Belfield itself are offering an average vendor discount of -9.09% to real estate investors.
Advertised rents are around the $550 mark per week – giving a return of 2.38% based on the median price in Suburb
If you compare the increase in value of investment property in Belfield, 2191 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.48%.
Belfield,2191 was ranked 274 in Australia by increase in median property value over the quarter.
The most recent median price for Belfield is $715000, with sellers offering an average of -5.08% off the asking price.
Property investors should expect to get $500 weekly from the median priced house in this suburb.