Belfield

Belfield, NSW 2191, with a population of 6555, has experienced moderate population growth over the past years. The suburb appeals to families, with a significant proportion of residents aged between 5 to 19 years. Commuting patterns show a preference for train travel and working from home. The median household income is relatively high at $1,727 per week, indicating a affluent demographic. For house investors, Belfield presents a suburb with high growth potential and a diverse mix of occupations, including managers, professionals, and technicians/tradeworkers. The market absorption rate of 18.8% suggests a healthy demand with potential for capital appreciation. The suburb also shows an above-average online search interest level, indicating strong buyer demand. On the other hand, for unit investors, the market is competitive with a low vacancy rate of 0.5% and a high market absorption rate of 25.0%, suggesting a strong rental demand and potential for consistent rental returns. Belfield, NSW 2191, is a suburb characterised by a well-off demographic, favorable commuting options, and steady population growth. House investors can benefit from the diverse occupant mix and good market absorption rate, while unit investors can capitalize on the thriving rental market. Overall, Belfield presents itself as a promising location for property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022