Over the last year, property investments in Bellevue Hill, 2023 have given investors a capital gain of 13.78%. This compares favourably with the 10.58% for NSW as a whole.
Bellevue Hill,2023 was ranked 2537 in Australia by increase in median property value over the quarter.
Property buyers and investors in Bellevue Hill 2023 should be seeing an average reduction in asking price of around -7.92% . This means that Bellevue Hill is holding prices well when compared to other suburbs in NSW.
At number 2266 in a list of fastest selling suburbs, Bellevue Hill is just in the bottom half of suburbs in Australia with an average of days on market 81.5 for properties listed there.
Using the current median advertised rental of $2150 and the average annual increase in value of a median property of 6.16%, investors should hope to achieve an overall return of 2.05%
With a capital gain of 13.38% for the last 12 months, Bellevue Hill, 2023 has performed for property investments than its average annual 7.25% property growth over the last 5 years.
While Bellevue Hill,2023 ranked number 544th in NSW for increase in median house value (annualised) increase, it is ranked 219th over the last 5 years.
Sellers are offering property buyers an average discount of -11.11% to buyers in Bellevue Hill at the moment, which is less than average for the rest of NSW.
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
Information supplied by:
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