Bellfield

POSTAL CODE: VIC, 3081

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 10.25% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,029,500

The augmented property values in the suburb are trailing behind the territorial average of 4.48% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $630.

Home owners selling their properties and realtors in BELLFIELD usually have to wait an average of N/A days before their assets are lifted off the market.

The VIC suburb ranks 413th on the list of best yielding suburbs for rental properties in VIC, posting a 3.18% return.

It also places places 275th in Australia based on median property value growth during the quarter.

Surburb overview

Bellfield, located approximately 9 kilometres northeast of Melbourne's Central Business District, is a suburb within the City of Banyule, Victoria. As of the 2021 census, it has a population of 1,996 residents.

The suburb is primarily residential, featuring a mix of older homes and newer townhouse developments. Darebin Creek bounds Bellfield to the west, Bell Street to the north, Waterdale Road to the east, and Banksia Street to the south.

Recreational opportunities are abundant, with several parks and green spaces. Notably, Ford Park and Liberty Park Reserve offer residents ample outdoor spaces for leisure and sports activities. The Bellfield Cricket Club, established in 1934, is based at Ford Park and competes in the Heidelberg District Cricket Association.

In terms of housing, Bellfield offers a range of options. The median property price for houses is approximately $945,000, with an annual growth of -0.53%. Rental yields for houses are around 2.93%, with a median weekly rent of $650.

Bellfield's blend of residential charm, accessible amenities, and recreational facilities contributes to its appeal as a suburb in Melbourne's northeastern corridor.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,029,500	N/A
Growth Report
Median Quarterly	0.93%	N/A
Median 12 month	3.88%	N/A
Median 3 years	10.25%	N/A
Median 5 years	24.04%	N/A
10 years average annual	4.27%	N/A
Weekly media advert. rent	$630	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	3.18%	N/A

Demographics (Median Values)*

Total Population 60

Weekly Household Income 1066

Household Size 3.00

Average Age 38

Monthly Loan Repayment 1083

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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