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%