Over the last year, property investments in Bellevue Hill, 2023 have given investors a capital gain of 17.52%. This compares very favourably with the 8.99% for NSW as a whole.
While Bellevue Hill,2023 ranked number 1114th in NSW for increase in median house value (annualised) increase, it is ranked 878th over the last 5 years.
Bellevue Hill2023 is located in NSW which offers an average discount of -5.52% to property investors. Bellevue Hill itself is showing figures that indicate -8.93% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Bellevue Hill the average time real estate has been on the market is 104.85 days.
A $1775 per week rent on the median house gives suburb investors a gross yield of circa 2.14%, without taking into account capital value appreciation, which has been averaging out at 4.97%.
Property value increases in Bellevue Hill have tracked lower than the NSW average of 8.14% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellevue Hill has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Bellevue Hill is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in NSW
The NSW suburb of Bellevue Hill, 2023 is in the Woollahra local government area.