Suburb Profile Report for Belfield NSW (2191)

Belfield House: Median price $1,180,000, Annual capital growth 7.55%, Number of sales 42, Weekly median advertised rent $560

Belfield Unit: Median price $690,000, Annual capital growth 4.97%, Number of sales 25, Weekly median advertised rent $480

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,180,000 $690,000
3.85% 0.36%
1.64% -6.50%
7.55% 4.97%
$560 $480
42 25
2.47% 3.62%
138.166666666667 91.7777777777778

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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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