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.
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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.