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Bellevue Heights vs Reynella

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

Head-to-head across core investment metrics: Bellevue Heights wins 2, Reynella 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
Median house price$1.2M-
Median unit price-$655K
Gross rental yield (houses)3.00%3.94%
Gross rental yield (units)2.50%2.78%
1-year house growth+15.9%+13.7%
3-year house growth+35.0%+44.1%
Vacancy rate1.6%1.9%
Population2,7124,836

Bellevue Heights vs Reynella: what the numbers say

On cash flow, Reynella 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 +13.7% in Reynella, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.

Looking back three years, Bellevue Heights houses are +35.0% and Reynella houses +44.1%, so Reynella has compounded faster than Bellevue Heights over the longer window.

Rental vacancy is 1.6% in Bellevue Heights and 1.9% in Reynella, 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.

Reynella is the bigger suburb, with a population of 4,836 against 2,712, larger than Bellevue Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Reynella 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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