Property value increases in Belfield have tracked higher than the NSW average of 10.96% over the last 12 months.
Belfield,2191 was ranked 1734 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Belfield itself are offering an average vendor discount of -12.65% to real estate investors.
With the median price for a house in Belfield being $1450000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 2.15%
Belfield has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.04% to date .
The five-year average increase in median property values for Belfield,2191 has given property investors a potential capital gain of 47.82% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Belfield, 2191. Typically our figures indicate that -6.16% is being offered, which puts this NSW suburb at 400th most discounted overall in Australia.
Residents and property investors in Belfield have been waiting around 38.16 days to sell a property.
The NSW suburb of Belfield, 2191 is in the Canterbury local government area.