Bellevue Heights vs Hawthorndene

The median house price is $1.2M in Bellevue Heights and $1.2M in Hawthorndene, so Bellevue Heights is the cheaper entry point, with Hawthorndene houses about 3% dearer.

Gross rental yield on houses is effectively level, at 3.00% in Bellevue Heights and 3.02% in Hawthorndene, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +15.9% in Bellevue Heights and +11.2% in Hawthorndene, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.

Looking back three years, Bellevue Heights houses are +35.0% and Hawthorndene houses +38.0%, so Hawthorndene has compounded faster than Bellevue Heights over the longer window.

Rental vacancy is 0.8% in Hawthorndene and 1.6% in Bellevue Heights, so landlords in Hawthorndene face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Hawthorndene is the bigger suburb, with a population of 3,389 against 2,712, larger than Bellevue Heights; a larger suburb usually means a deeper pool of buyers and tenants.

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