At number 902th in the list of Australian suburbs ordered by increase in median house value over the last year, Bellfield, 3081 is in the top 30% with a property value increase of 11.44% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellfield has increased when compared to the 5 year average annual rate.
Vendor discounting in Bellfield is giving property investors an average Vendor Discount of around -5.77%. This puts suburb at number 280th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $372.5 mark per week – giving a return of 2.49% based on the median price in Suburb