Suburb Profile Report for Belfield NSW (2191)

Belfield House: Median price $1,450,000, Annual capital growth 10.58%, Number of sales 55, Weekly median advertised rent $600

Belfield Unit: Median price $712,500, Annual capital growth 6.49%, Number of sales 30, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,450,000 $712,500
1.75% -1.04%
20.83% -1.04%
10.58% 6.49%
$600 $500
55 30
2.15% 3.65%
61.15 38.16

Source: CoreLogic

DSR Score for property investment : Above average (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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