NSW has seen average median house prices change by 8.06% which means that Bellevue Hill, 2023 has done well for property investors by showing a capital gain of 8.13% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Bellevue Hill comes in at number 326th in NSW.
At number 1460 in a list of fastest selling suburbs, Bellevue Hill is in the TOP 40% of suburbs in Australia with an average of days on market 60.6 for properties listed there.
Situated 4.64km from the CBD, Bellevue Hill is one of Woollahra (A) localities in the postcode 2023.
Bellevue Hill is in the TOP 10% 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 22.05%.
Across a shorter period, Bellevue Hill, 2023 has seen a median price increase of 8.19% over the last quarter.
Sellers are offering property buyers an average discount of -8.34% to buyers in Bellevue Hill at the moment, which is less than average for the rest of NSW.
Bellevue Hill is 542th on a list of best yielding suburbs for rents in NSW with a 2.33% return
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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.