Bellevue Heights vs Redwood Park
Property investment comparison - Bellevue Heights, SA 5050 vs Redwood Park, SA 5097
Head-to-head across core investment metrics: Bellevue Heights wins 2, Redwood Park wins 2. 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 | Redwood Park |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.00% | - |
| Gross rental yield (units) | 2.50% | 4.20% |
| 1-year house growth | +15.9% | +13.3% |
| 3-year house growth | +35.0% | +34.0% |
| Vacancy rate | 1.6% | 0.8% |
| Population | 2,712 | 5,367 |
Bellevue Heights vs Redwood Park: what the numbers say
Over the past year house prices moved +15.9% in Bellevue Heights and +13.3% in Redwood Park, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.
Looking back three years, Bellevue Heights houses are +35.0% and Redwood Park houses +34.0%, so Bellevue Heights has compounded faster than Redwood Park over the longer window.
Rental vacancy is 0.8% in Redwood Park and 1.6% in Bellevue Heights, so landlords in Redwood Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Redwood Park is the bigger suburb, with a population of 5,367 against 2,712, larger than Bellevue Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bellevue Heights for recent price momentum, Redwood Park 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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