Property investors who have had real estate in Bellevue Hill, 2023 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.06%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellevue Hill has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Bellevue Hill is offering property investors an average of -6.35. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in NSW
Bellevue Hill, 2023’s gross rental yield is 2.66%
Bellevue Hill has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -11.54% to date .
Bellevue Hill,2023 was ranked 779 in Australia by increase in median property value over the quarter.
At number 48th of NSW’s most discounted properties, Bellevue Hill is in the bottom 20% of the state/territory when listing in order of most discounted to least.
The NSW suburb of Bellevue Hill, 2023 is in the Woollahra local government area.
Prices are still skyrocketing in Bellevue Hill, but this doesn’t seem to have affected demand as the average vacancy rate fell from 2.64% in April 2016 to 2.12% after 12 months, according to Real Estate Investar.Full summary
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Occupants set their eyes on expensive suburb
Median house price: $4,837,500
Vacancy rate: 2.12%
Three-year growth: 38.21%
Prices are still skyrocketing in the premium suburb of Bellevue Hill, but this doesn’t seem to have affected demand as the average vacancy rate fell from 2.64% in April 2016 to 2.12% after 12 months, according to Real Estate Investar.
The suburb’s proximity likely plays a significant role in its popularity, since it’s just 5km from the Sydney CBD. Bellevue Hill has also played host to celebrity residents, including actress Toni Collette, while Russell Crowe was once a prospective buyer in this area. History is a big part of the residential scene, with the abundance of heritage buildings in town.
Bellevue Hill is the site of several public and private schools. Meanwhile, Sydney can be reached by bus and train. Close