Suburb Profile Report for Belfield NSW (2191)

Belfield House: Median price $1,440,000, Annual capital growth 10.62%, Number of sales 56, Weekly median advertised rent $590

Belfield Unit: Median price $720,000, Annual capital growth 7.91%, Number of sales 29, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Belfield, 2191 ranked 197th in NSW when comparing growth in median property values or capital gain over the last 12 months. Belfield is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Belfield,2191 has racked up an average of 21.83% over the period. This ranks it number 139th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -3.80% to buyers in Belfield at the moment, which is less than average for the rest of NSW.

In the last year 56 properties changed hands in Belfield, which puts it as the 594th most active market in NSW when comparing the number of sales per suburb.

Belfield is 1100th on a list of best yielding suburbs for rents in NSW with a 2.13% return

Belfield, 2191 ranked 333th in NSW when comparing growth in median property values or capital gain over the last 12 months. Belfield is one of 3163 in our list for NSW

Belfield,2191 was ranked 500 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.14% offered to property buyers. Sellers in Belfield itself are offering an average vendor discount of -5.74% to real estate investors.

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.47%, without taking into account capital value appreciation, which has been averaging out at 7.91%.

Metrics i HOUSE UNIT
$1,440,000 $720,000
3.97% 2.86%
21.83% 5.49%
10.62% 7.91%
$590 $480
56 29
2.13% 3.47%
77.46 62.85

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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
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