Property investors who have had real estate in Bellevue Hill, 2023 should be relatively unhappy 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 0.45%
A 75.81% growth in median value for property investors in Bellevue Hill,2023 puts this suburb at number 1174th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Bellevue Hill are currently offering property investors an average price cut of -6.82% below the asking price at the moment.
Often selling an investment property can take time, and in Bellevue Hill the average time real estate has been on the market is 72.4 days.
At number 1602th in the list of Australian suburbs ordered by increase in median house value over the last year, Bellevue Hill, 2023 is in the BOTTOM 10% with a property value increase of -12.69% recorded in median house prices.
The five-year average increase in median property values for Bellevue Hill,2023 has given property investors a potential capital gain of 45.51% across each of those five years.
At number 24th of NSW’s most discounted properties, Bellevue Hill is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $700 weekly from the median priced house in this suburb.
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