All About Belfield, Canterbury-Bankstown, NSW, 2191

Belfield, a suburb in the Canterbury-Bankstown region of New South Wales, presents a dynamic housing market characterized by a blend of older homes and newer developments. Over recent years, the housing market in Belfield has experienced a moderate increase in property prices, reflecting the broader trends seen across the Sydney metropolitan area. The area offers a variety of housing options, including classic Australian bungalows and modern townhouses, attracting both families and young professionals. The suburb's proximity to Sydney's central business district and access to public transportation have contributed to its appeal. While prices in Belfield are generally more affordable compared to some of the more affluent suburbs closer to the city center, the growing interest in properties here suggests potential for good investment returns, particularly as demand continues to rise.

Living in Belfield offers residents a cozy suburban lifestyle with a sense of community, marked by its multicultural population and friendly neighborhood vibe. The suburb boasts several parks and recreational areas, making it ideal for families and those who enjoy outdoor activities. The local shopping precincts and eateries provide essential amenities and diverse dining options, contributing to a convenient lifestyle. Schools and childcare centers in Belfield further enhance its appeal to families. Additionally, its cultural diversity is reflected in community events and festivals, bringing vibrancy and a rich cultural tapestry to the area. Residents appreciate the balance between peaceful suburban living and easy access to the bustling life of Sydney, making Belfield a desirable place to call home.

Belfield Real Estate Market Outlook

Thinking about buying in Belfield? Now could not be a better time, with 3108 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,555,000 with prices in this suburb ranging from $523,000 to $5,148,000. Belfield is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Belfield is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Belfield changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Belfield to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!