At number 2914th in the list of Australian suburbs ordered by increase in median house value over the last year, Bellevue Heights, 5050 is in the BOTTOM 30% with a property value increase of -1.49% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellevue Heights has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Property investors should expect to get $465 weekly from the median priced house in this suburb.
Information supplied by:
Ring Partners principal John Ring, believes Bellevue Heights is one of Adelaide’s best kept secrets and that when it is discovered, prices won’t remain as they are for long.
“It’s definitely undervalued,” he says. “Few suburbs offer the same location, where it is 10km from the CBD, and about 10 mins to the beach. I suspect that into the long term, it will have the kind of capital appreciation you won’t see in many other Adelaide suburbs.”
Ring says that what’s kept the suburb off many people’s radar is its location among the Mt. Lofty ranges. “There’s this perception that if you’re in the hills, you’re very far away. When people discover that this is not the case and that the area is actually a close drive to the CBD, it could take off.”
Best street(s): The cheapest houses are located along Eden Avenue, Alpha Road and Shepherds Hill Road while the more expensive properties cluster along Flinders Road, Federation Ct and Eve Road.