Property investments in BELFIELD fare well against the rest of the country last year, registering a median home price increase of 15.73%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BELFIELD, 2191 saw average growth in the long term.
Real estate investors could earn a rental income of $605 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 70.8 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,435,000.
BELFIELD ranks 1105th on the list of best yielding suburbs for rental properties in NSW, posting a 2.19% return.
Profits due to an upward trend in home prices in BELFIELD, 2191 averaged 6.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 3.7% increase in returns based on the current median price in BELFIELD.
An average of 2.5 real estate transactions take place per month in BELFIELD which translates to 30 per annum.
30 properties were sold in BELFIELD during the past year, making it the 252nd most active market in NSW based on total real estate transactions.
BELFIELD, 2191 places 58th in Australia based on median property value growth during the quarter.
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