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 17.84%.
Comparing Bellevue Hill,2023 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Bellevue Hill should be aiming for at least -9.60% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $1590 and the average annual increase in value of a median property of 6.29%, investors should hope to achieve an overall return of 1.52%
NSW has seen average median house prices change by 8.63% which means that Bellevue Hill, 2023 has done well for property investors by showing a capital gain of 34.41% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Bellevue Hill comes in at number 116th in NSW.
At number 220 in a list of fastest selling suburbs, Bellevue Hill is in the TOP 20% of suburbs in Australia with an average of days on market 43.51 for properties listed there.
A $720 per week rent on the median house gives suburb investors a gross yield of circa 3.00%, without taking into account capital value appreciation, which has been averaging out at 7.99%.