If you compare the increase in value of investment property in Belfield, 2191 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.64%.
While Belfield,2191 ranked number 291th in NSW for increase in median house value (annualised) increase, it is ranked 807th over the last 5 years.
Residents and property investors in Belfield have been waiting around 138.167 days to sell a property.
Advertised rents are around the $560 mark per week – giving a return of 2.47% based on the median price in Suburb
At number 1176th in the list of Australian suburbs ordered by increase in median house value over the last year, Belfield, 2191 is in the BOTTOM 30% with a property value increase of -6.50% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Belfield,2191 has racked up an average of -6.50% over the period. This ranks it number 970th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Belfield are currently offering property investors an average price cut of -8.83% below the asking price at the moment.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 4.97%, investors should hope to achieve an overall return of 3.62%