NSW has seen average median house prices change by 8.77% which means that Bellevue Hill, 2023 has done well for property investors by showing a capital gain of 3.40% over the last year
Bellevue Hill,2023 was ranked 3173 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 -5.84% . This means that Bellevue Hill is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
Bellevue Hill is in the TOP 20% in NSW when comparing median price capital growth over the last year. Bellevue Hill gave property investors a very good capital gain figure when compared to the rest of the state, with 16.67%.
Bellevue Hill,2023 was ranked 365 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Bellevue Hill are currently offering property investors an average price cut of -9.35% below the asking price at the moment.
Bellevue Hill, 2023’s gross rental yield is 2.41%
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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.