Suburb Profile Report for Bellevue Heights SA (5050)

Bellevue Heights House: Median price $520,000, Annual capital growth 1.62%, Number of sales 41, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

If you compare the increase in value of investment property in Bellevue Heights, 5050 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -3.88%.

Taking the average capital gain, or increase in median house value, Bellevue Heights,5050 has racked up an average of -3.88% over the period. This ranks it number 3081th in the whole country for real estate investors looking at median house price increases.

Bellevue Heights, 5050 is offering SA ‘s 83th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this SA.

Property investors should expect to get $490 weekly from the median priced house in this suburb.

Information supplied by:




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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.

Metrics i HOUSE UNIT
$520,000 N/A
-2.80% N/A
-3.88% N/A
1.62% N/A
$490 N/A
41 N/A
4.90% N/A
64.72 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2549
Median household income ($/weekly) 1378
Median age of persons 50
Median housing loan repayment ($/monthly) 1744
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 230 9.0
    35-44 years 286 11.2
    45-54 years 301 11.8
    55-64 years 398 15.6
    65-74 years 368 14.4
    Others 965 37.9
    Age Group
    Census Count Percent(%)
    Registered Married 1192 60.9
    Not Married 633 32.3
    Defacto Relationship 132 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1735 70.6
    Croatia 44 1.8
    Papua New Guinea 40 1.6
    United Kingdom 243 9.9
    Other 117 4.8
    Others 277 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.9
    Christianity 1541 65.7
    Islam 30 1.3
    Other Religious Groups 28 1.2
    No Religion 712 30.4
    Others 12 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 11.3
    $600-$799 85 9.7
    $1,500-$1,999 123 14.0
    $2,000-$2,499 79 9.0
    $2,500-$2,999 89 10.1
    Others 402 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 936 43.5
    Employed, worked full-time 670 31.1
    Employed, worked part-time 418 19.4
    Unemployed, looking for work 67 3.1
    Employed, away from work 61 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 13.9
    Professionals 382 33.3
    Technicians & trades workers 113 9.8
    Community & personal service workers 111 9.7
    Clerical & administrative workers 166 14.5
    Others 217 18.9
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.2
    Infants/Primary 165 30.1
    Secondary 113 20.6
    Technical or Further Educational Institution 44 8.0
    University or other Tertiary Institutions 179 32.6
    Others 14 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2157 93.7
    Flat, unit or apartment 137 6.0
    Semi-detached, row or terrace house, townhouse 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 449 47.6
    Being purchased 342 36.2
    Rented 107 11.3
    Other tenure type 46 4.9
    Tenure Type
Census 2011, ABS
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