Bellevue Heights vs Myrtle Bank
Property investment comparison - Bellevue Heights, SA 5050 vs Myrtle Bank, SA 5064
Head-to-head across core investment metrics: Bellevue Heights wins 2, Myrtle Bank 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.
| Metric | Bellevue Heights | Myrtle Bank |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | - | $760K |
| Gross rental yield (houses) | 3.00% | 2.52% |
| Gross rental yield (units) | 2.50% | - |
| 1-year house growth | +15.9% | +11.8%estimate |
| 3-year house growth | +35.0% | - |
| Vacancy rate | 1.6% | 0.5% |
| Population | 2,712 | 3,158 |
Bellevue Heights vs Myrtle Bank: what the numbers say
On cash flow, Bellevue Heights leads: houses there return a gross rental yield of 3.00%, compared with 2.52% in Myrtle Bank, a gap of 0.48 percentage points.
Over the past year house prices moved +15.9% in Bellevue Heights and +11.8% in Myrtle Bank (an estimate), so recent momentum favours Bellevue Heights, although both suburbs recorded growth.
Rental vacancy is 0.5% in Myrtle Bank and 1.6% in Bellevue Heights, so landlords in Myrtle Bank face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Myrtle Bank is the bigger suburb, with a population of 3,158 against 2,712, larger than Bellevue Heights; 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, Myrtle Bank 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, SA 5050
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