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Bellevue Heights vs Gillman

Property investment comparison - Bellevue Heights, SA 5050 vs Gillman, SA 5013

Head-to-head across core investment metrics: Bellevue Heights wins 3, Gillman wins 1. 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.

MetricBellevue HeightsGillman
Median house price$1.2M-
Median unit price-$980K
Gross rental yield (houses)3.00%2.24%
Gross rental yield (units)2.50%2.68%
1-year house growth+15.9%+13.0%
3-year house growth+35.0%-
Vacancy rate1.6%3.5%
Population2,71276

Bellevue Heights vs Gillman: what the numbers say

On cash flow, Bellevue Heights leads: houses there return a gross rental yield of 3.00%, compared with 2.24% in Gillman, a gap of 0.76 percentage points.

Over the past year house prices moved +15.9% in Bellevue Heights and +13.0% in Gillman, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.

Rental vacancy is 1.6% in Bellevue Heights and 3.5% in Gillman, so landlords in Bellevue Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bellevue Heights is the bigger suburb, with a population of 2,712 against 76, roughly 36 times the size of Gillman; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Bellevue Heights for rental income, Bellevue Heights for recent price momentum, Bellevue Heights for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Bellevue Heights vs Gillman: Suburb Comparison 2026