NSW has seen average median house prices change by 9.74% which means that Bellevue Hill, 2023 has done well for property investors by showing a capital gain of 14.07% over the last year
Bellevue Hill,2023 has offered an average of 14.07% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Bellevue Hill is giving property investors an average Vendor Discount of around -8.55%. This puts suburb at number 99th in NSW when ranking the most discounted suburbs.
A $1500 per week rent on the median house gives suburb investors a gross yield of circa 1.59%, without taking into account capital value appreciation, which has been averaging out at 6.72%.
If you compare the increase in value of investment property in Bellevue Hill, 2023 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.58%.
A 83.15% growth in median value for property investors in Bellevue Hill,2023 puts this suburb at number 6th in terms of best performing suburbs in NSW
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in Bellevue Hill itself are offering an average vendor discount of -6.90% to real estate investors.
With the median price for a house in Bellevue Hill being $1250000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 2.91%