Bellbrae vs Middle Park
Property investment comparison - Bellbrae, VIC 3228 vs Middle Park, VIC 3206
Head-to-head across core investment metrics: Bellbrae wins 3, Middle Park wins 3. 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 | Bellbrae | Middle Park |
|---|---|---|
| Median house price | $2.9M | $3.1M |
| Median unit price | $760K | $1.0M |
| Gross rental yield (houses) | - | 2.04% |
| Gross rental yield (units) | 4.79% | 3.34% |
| 1-year house growth | -6.1% | +1.3% |
| 3-year house growth | -13.0% | +23.2% |
| Vacancy rate | 2.5% | 2.1% |
| Population | 1,346 | 4,000 |
Bellbrae vs Middle Park: what the numbers say
The median house price is $2.9M in Bellbrae and $3.1M in Middle Park, so Bellbrae is the cheaper entry point, with Middle Park houses about 7% dearer.
For units, Bellbrae sits at a median of $760K against $1.0M in Middle Park, which makes Bellbrae the more affordable unit market and Middle Park the pricier one.
Over the past year house prices moved -6.1% in Bellbrae and +1.3% in Middle Park, so recent momentum favours Middle Park, while Bellbrae went backwards.
Looking back three years, Bellbrae houses are -13.0% and Middle Park houses +23.2%, so Middle Park has compounded faster than Bellbrae over the longer window.
Rental vacancy is 2.1% in Middle Park and 2.5% in Bellbrae, so landlords in Middle Park face less competition for tenants.
Middle Park is the bigger suburb, with a population of 4,000 against 1,346, roughly 3.0 times the size of Bellbrae; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bellbrae for a lower purchase price, Middle Park for recent price momentum, Middle Park 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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