Suburb Profile Report for Bellerive TAS (7018)

Bellerive House: Median price $450,930, Annual capital growth 2.81%, Number of sales 71, Weekly median advertised rent $380

Bellerive Unit: Median price $310,000, Annual capital growth 4.05%, Number of sales 43, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Bellerive, 7018 have given investors a capital gain of 0.21%. This compares badly with the 6.13% for TAS as a whole.

Bellerive,7018 has offered an average of 0.21% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Bellerive should be aiming for at least -5.66% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.

With the median price for a house in Bellerive being $450930 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.38%

Property investors who have had real estate in Bellerive, 7018 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.33%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellerive has increased when compared to the 5 year average annual rate.

Bellerive, 7018 is offering TAS ‘s 20th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this TAS.

Residents and property investors in Bellerive have been waiting around 54.37 days to sell a property.

Situated 4.01km 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
$450,930 $310,000
-0.02% 0.00%
0.21% 3.33%
2.81% 4.05%
$380 $300
71 43
4.38% 5.03%
39.58 54.37

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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Recent sales & rentals