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Bellevue Heights vs Reynella East

Property investment comparison - Bellevue Heights, SA 5050 vs Reynella East, SA 5161

Head-to-head across core investment metrics: Bellevue Heights wins 2, Reynella East 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.

MetricBellevue HeightsReynella East
Median house price$1.2M-
Median unit price-$730K
Gross rental yield (houses)3.00%3.94%
Gross rental yield (units)2.50%3.54%
1-year house growth+15.9%+12.6%
3-year house growth+35.0%+22.9%
Vacancy rate1.6%0.8%
Population2,7121,990

Bellevue Heights vs Reynella East: what the numbers say

On cash flow, Reynella East leads: houses there return a gross rental yield of 3.94%, compared with 3.00% in Bellevue Heights, a gap of 0.94 percentage points.

Over the past year house prices moved +15.9% in Bellevue Heights and +12.6% in Reynella East, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.

Looking back three years, Bellevue Heights houses are +35.0% and Reynella East houses +22.9%, so Bellevue Heights has compounded faster than Reynella East over the longer window.

Rental vacancy is 0.8% in Reynella East and 1.6% in Bellevue Heights, so landlords in Reynella East 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 1,990, larger than Reynella East; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Reynella East for rental income, Bellevue Heights for recent price momentum, Reynella East 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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