Suburb Profile Report for Belfield NSW (2191)

Belfield House: Median price $1,237,500, Annual capital growth 9.19%, Number of sales 46, Weekly median advertised rent $600

Belfield Unit: Median price $700,000, Annual capital growth 7.53%, Number of sales 26, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Belfield, 2191 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%

While Belfield,2191 ranked number 656th in NSW for increase in median house value (annualised) increase, it is ranked 303th over the last 5 years.

Situated 11.71km from the CBD, Belfield is one of Canterbury localities in the postcode 2191.

If you compare the increase in value of investment property in Belfield, 2191 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.55%.

Over the longer term, Belfield has seen property prices show investors a 36.32% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Belfield 2191 should be seeing an average reduction in asking price of around -5.80% . This means that Belfield is holding prices well when compared to other suburbs in NSW.

In the last year 26 properties changed hands in Belfield, which puts it as the 411th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 7.53%, investors should hope to achieve an overall return of 3.64%

Metrics i HOUSE UNIT
$1,237,500 $700,000
3.13% -1.75%
10.00% -1.55%
9.19% 7.53%
$600 $490
46 26
2.52% 3.64%
N/A 105.23

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 6043
Median household income ($/weekly) 1135
Median age of persons 38
Median housing loan repayment ($/monthly) 2275
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 795 13.2
    25-34 years 762 12.6
    35-44 years 871 14.4
    45-54 years 819 13.6
    55-64 years 656 10.9
    Others 2139 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2417 53.3
    Not Married 1961 43.2
    Defacto Relationship 157 3.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3386 58.8
    Croatia 241 4.2
    Lebanon 271 4.7
    Malaysia 327 5.7
    Other 382 6.6
    Others 1149 20.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 215 3.8
    Christianity 4505 79.2
    Hinduism 70 1.2
    Islam 288 5.1
    No Religion 588 10.3
    Others 24 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 218 12.1
    $600-$799 156 8.7
    $1,000-$1,249 174 9.7
    $1,500-$1,999 208 11.5
    $2,000-$2,499 161 8.9
    Others 884 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1888 41.5
    Employed, worked full-time 1594 35.0
    Employed, worked part-time 720 15.8
    Employed, away from work 186 4.1
    Unemployed, looking for work 160 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 281 11.2
    Professionals 468 18.7
    Technicians & trades workers 404 16.2
    Clerical & administrative workers 457 18.3
    Sales 241 9.6
    Others 649 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 109 7.5
    Infants/Primary 519 35.9
    Secondary 391 27.0
    Technical or Further Educational Institution 122 8.4
    University or other Tertiary Institutions 272 18.8
    Others 33 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4584 79.3
    Semi-detached, row or terrace house, townhouse 981 17.0
    Flat, unit or apartment 192 3.3
    House or flat attached to a shop, office 27 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 722 36.6
    Being purchased 690 35.0
    Rented 545 27.6
    Other tenure type 15 0.8
    Tenure Type
Census 2011, ABS
Chart Table
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