If you compare the increase in value of investment property in Bellevue Hill, 2023 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.33%.
The five-year average increase in median property values for Bellevue Hill,2023 has given property investors a potential capital gain of 34.18% across each of those five years.
Property investors looking for a bargain in Bellevue Hill should be aiming for at least -8.78% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Bellevue Hill have been waiting around 124.57 days to sell a property.
Bellevue Hill, 2023’s gross rental yield is 1.82%
At number 1312th in the list of Australian suburbs ordered by increase in median house value over the last year, Bellevue Hill, 2023 is in the BOTTOM 30% with a property value increase of -3.00% recorded in median house prices.
If we look at median property appreciation over just the last three months, Bellevue Hill has given property investors a paper return of 4.58%. This puts Suburb as 112 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Bellevue Hill itself are offering an average vendor discount of -2.56% to real estate investors.
With the median price for a house in Bellevue Hill being $970000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 3.65%