Belair is a smaller suburb in South Australia within the Mitcham local government area (postcode 5052). With a population of 4,718, the suburb has a mature demographic with a median age of 47. Households earn a median income of $118K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Belair is $1.2 million, having dropped significantly 10.9% over the past year. The current median weekly rent is $685. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,100.
Belair is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1129, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 41 bus stops. The crime rate in the Mitcham LGA is below average at 2,840 incidents per 100,000 population.
From an investment perspective, Belair offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -10.9% year-on-year.
Belair is a smaller suburb in South Australia within the Mitcham local government area (postcode 5052). With a population of 4,718, the suburb has a mature demographic with a median age of 47. Households earn a median income of $118K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Belair is $1.2 million, having dropped significantly 10.9% over the past year. The current median weekly rent is $685. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,100.
Belair is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1129, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 41 bus stops. The crime rate in the Mitcham LGA is below average at 2,840 incidents per 100,000 population.
From an investment perspective, Belair offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -10.9% year-on-year.