Property investors who have had real estate in Bellevue Hill, 2023 should be pleased 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 16.15%
Across a shorter period, Bellevue Hill, 2023 has seen a median price increase of 2.29% over the last quarter.
Sellers are offering property buyers an average discount of -9.00% to buyers in Bellevue Hill at the moment, which is less than average for the rest of NSW.
Bellevue Hill, 2023 ranked 534th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bellevue Hill is one of 3163 in our list for NSW
The five-year average increase in median property values for Bellevue Hill,2023 has given property investors a potential capital gain of 48.51% across each of those five years.
Vendor discounting in Bellevue Hill is giving property investors an average Vendor Discount of around -10.32%. This puts suburb at number 3rd in NSW when ranking the most discounted suburbs.
In the last year 143 properties changed hands in Bellevue Hill, which puts it as the 94th most active market in NSW when comparing the number of sales per suburb.
A $700 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 7.16%.
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