Suburb Profile Report for Bellerive TAS (7018)

Bellerive House: Median price $450,500, Annual capital growth 3.81%, Number of sales 63, Weekly median advertised rent $370

Bellerive Unit: Median price $310,000, Annual capital growth 3.07%, Number of sales 40, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Bellerive has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.11%

Taking the average capital gain, or increase in median house value, Bellerive,7018 has racked up an average of 0.11% over the period. This ranks it number 2308th in the whole country for real estate investors looking at median house price increases.

Bellerive7018 is located in TAS which offers an average discount of -7.06% to property investors. Bellerive itself is showing figures that indicate -6.63% is the average achievable by property buyers investing in the suburb.

Bellerive, 7018’s gross rental yield is 4.27%

Bellerive is an average performer in TAS when comparing median price capital growth over the last year. Bellerive gave property investors a average capital gain figure when compared to the rest of the state, with 3.33%.

While Bellerive,7018 ranked number 23th in TAS for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.46% offered to property buyers. Sellers in Bellerive itself are offering an average vendor discount of -6.66% to real estate investors.

Situated 3.91km from the CBD, Bellerive is one of Clarence localities in the postcode 7018.

YIP MAG Information supplied by:

YIP MAG
December 2015

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Well known for its lush and leafy surrounds, Bellerive has consistently attracted buyers and renters to the areaFull summary Well known for its lush and leafy surrounds, Bellerive has consistently attracted buyers and renters to the area.

The sea views, beautiful beaches and a community village atmosphere are just a few of the features luring residents to the suburb.

Its proximity to Hobart’s CBD just 4km away is also a strong pull.

It’s not a surprise then to see Bellerive defying the overall sluggishness of the Hobart property market.

According to OnTheHouse.com.au, the median unit value surged by an eye-popping 8% in the past 12 months.

Unit values have grown steadily since 2013. With stock very low at 0.33%, competition is tight.

The rental market is strong, with just a 0.2% vacancy rate.

The suburb enjoys a broad range of amenities, mostly located along Cambridge Road where banks, supermarkets, restaurants, community centres and the Bellerive Yacht Club are located.

The main commercial hub, Eastland Shopping Centre, sits just outside the suburb.

Several bus routes service the area and the Tasman Highway takes commuters directly to the CBD.

A regular ferry service operates daily.

A wide variety of property caters to all demographics.

Soughtafter areas include Victoria Esplanade and Dillon Street due to their unparalleled panoramic views of Hobart and the harbour.Close
Metrics i HOUSE UNIT
$450,500 $310,000
0.11% 1.64%
0.11% 3.33%
3.81% 3.07%
$370 $300
63 40
4.27% 5.03%
43.22 61.1

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Bellerive TAS
Demographics
Total population 4359
Median household income ($/weekly) 1000
Median age of persons 47
Median housing loan repayment ($/monthly) 1400
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 462 10.6
    35-44 years 508 11.7
    45-54 years 633 14.5
    55-64 years 681 15.6
    65-74 years 482 11.1
    Others 1593 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1525 45.8
    Not Married 1503 45.2
    Defacto Relationship 299 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3554 86.6
    Greece 25 0.6
    Papua New Guinea 41 1.0
    United Kingdom 243 5.9
    Other 89 2.2
    Others 153 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 2776 70.0
    Hinduism 13 0.3
    Islam 14 0.4
    No Religion 1124 28.3
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 183 10.4
    $400-$599 214 12.2
    $600-$799 211 12.0
    $800-$999 169 9.6
    $1,500-$1,999 187 10.7
    Others 789 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1444 40.5
    Employed, worked full-time 1174 32.9
    Employed, worked part-time 729 20.4
    Employed, away from work 122 3.4
    Unemployed, looking for work 96 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 273 13.5
    Professionals 557 27.6
    Technicians & trades workers 224 11.1
    Community & personal service workers 220 10.9
    Clerical & administrative workers 335 16.6
    Others 411 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 30 3.5
    Infants/Primary 268 31.5
    Secondary 255 30.0
    Technical or Further Educational Institution 84 9.9
    University or other Tertiary Institutions 188 22.1
    Others 26 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3332 83.2
    Flat, unit or apartment 334 8.3
    Semi-detached, row or terrace house, townhouse 330 8.2
    House or flat attached to a shop, office 7 0.2
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 821 43.6
    Rented 534 28.4
    Being purchased 522 27.7
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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