Property value increases in Bellerive have tracked close to the TAS average of 9.15% over the last 12 months.
Across a shorter period, Bellerive, 7018 has seen a median price increase of 8.70% over the last quarter.
With the median price for a house in Bellerive being $500000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.11%
Bellerive is in the bottom 30% in TAS when comparing median price capital growth over the last year. Bellerive gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.52%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellerive has increased when compared to the 5 year average annual rate.
Renters in Suburb are facing rents around $3660 per annum or $305 every week.