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Belair

POSTAL CODE: SA, 5052
HOUSE

Property investors have seen a -3.2% drop in BELAIR based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BELAIR, 5052 saw average growth in the long term.

The SA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,165,000

Profits averaged 6% per annum over a 3-year period, due to an upward trend in home prices in BELAIR, 5052.

This means, real estate investors could earn a rental income of $920 based on current median home prices for the suburb.

The gross rental yield in BELAIR, 5052 is 4.11%.

An average of 5.42 real estate transactions take place per month in BELAIR which translates to 65 per annum.

Surburb overview

Belair, located approximately 10 kilometres southeast of Adelaide's central business district, is a picturesque suburb nestled in the foothills of the Adelaide Hills. It falls within the City of Mitcham, a local government area known for its leafy suburbs and strong connection to nature. The suburb has a population of around 4,500 residents, with a demographic that includes families, professionals, and retirees who are drawn to the suburb’s tranquil environment, stunning views, and proximity to both the city and natural reserves.

Public transportation in Belair is well-serviced by Adelaide Metro buses and the Belair railway line, which provides direct train services to Adelaide’s CBD. The suburb is also conveniently connected by major roads, including Main Road and Belair Road, making it easily accessible by car. This combination of public transport and road links makes commuting straightforward for those working in the city or surrounding areas.

Belair is known for its natural beauty, with Belair National Park being one of the suburb’s most prominent features. The park is one of South Australia’s oldest and largest national parks, offering residents and visitors opportunities for bushwalking, picnicking, and wildlife spotting. The park also features tennis courts, playing fields, and historical sites, making it a hub for outdoor recreation and community events.

The suburb offers a range of amenities that cater to the needs of its residents. While Belair itself has a few local shops and cafes, the nearby Blackwood shopping precinct provides more extensive retail options, including supermarkets, specialty stores, and dining venues. Educational facilities in and around Belair include Belair Primary School and St John’s Grammar School, both of which are well-regarded within the community.

Recreational activities in Belair are closely tied to its natural surroundings. In addition to Belair National Park, residents can enjoy the Wittunga Botanic Garden, a beautiful garden showcasing native and South African plants, which provides a peaceful retreat for walking and relaxation. The suburb’s elevated position also offers stunning views of the city and the coastline, further enhancing its appeal as a place to live.

Belair’s combination of suburban living with easy access to nature makes it one of Adelaide’s most desirable suburbs. The area’s lush greenery, excellent schools, and strong community spirit, along with its proximity to both the city and the Adelaide Hills, continue to attract residents who value a balanced and peaceful lifestyle.

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