Located in New South Wales within the Canterbury-Bankstown local government area, Belfield is a mid-sized suburb (postcode 2191). With a population of 6,555, the suburb has an established family demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Lebanese, Australian, Italian.
Belfield has a median house price of $2.0 million, which has risen solidly by 6.2% year-on-year. Units have a median price of $1.4 million (+57.3% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Belfield is served by 1 school, including 1 primary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
On the investment side, Belfield shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.5x is considered stretched. House prices have moved +6.2% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.