Avenel vs Bellfield
Property investment comparison - Avenel, VIC 3664 vs Bellfield, VIC 3381
Head-to-head across core investment metrics: Avenel wins 2, Bellfield wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Avenel | Bellfield |
|---|---|---|
| Median house price | $635K | $635K |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.81% | 3.10% |
| Gross rental yield (units) | 5.01% | - |
| 1-year house growth | +5.5%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.0% | 6.4% |
| Population | 1,112 | 1,996 |
Avenel vs Bellfield: what the numbers say
Houses cost about the same in both suburbs: the median house price is $635K in Avenel and $635K in Bellfield.
On cash flow, Avenel leads: houses there return a gross rental yield of 3.81%, compared with 3.10% in Bellfield, a gap of 0.71 percentage points.
Rental vacancy is 1.0% in Avenel and 6.4% in Bellfield, so landlords in Avenel face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bellfield is the bigger suburb, with a population of 1,996 against 1,112, larger than Avenel; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Avenel for rental income, Avenel for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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