Property value increases in Bellevue Hill have tracked just higher than the NSW average of 7.28% over the last 12 months.
Across a shorter period, Bellevue Hill, 2023 has seen a median price increase of 2.37% over the last quarter.
Property investors looking for a bargain in Bellevue Hill should be aiming for at least -8.66% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.
With the median price for a house in Bellevue Hill being $4837500 and the advertised rent reaching $1540 the gross rental yield for property investors calculates out to be 1.66%
Over the last year, property investments in Bellevue Hill, 2023 have given investors a capital gain of -2.87%. This compares very badly with the 5.73% for NSW as a whole.
Over the longer term, Bellevue Hill has seen property prices show investors a 19.48% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Bellevue Hill are currently offering property investors an average price cut of -2.98% below the asking price at the moment.
Advertised rents are around the $700 mark per week – giving a return of 3.71% based on the median price in Suburb