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Bellfield vs Knoxfield

Property investment comparison - Bellfield, VIC 3081 vs Knoxfield, VIC 3180

Head-to-head across core investment metrics: Bellfield wins 0, Knoxfield wins 4. 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.

MetricBellfieldKnoxfield
Median house price$1.0M$1.0M
Median unit price-$815K
Gross rental yield (houses)3.30%3.41%
Gross rental yield (units)-4.11%
1-year house growth+3.4%estimate+4.8%
3-year house growth-+9.2%
Vacancy rate1.6%1.6%
Population1,9967,645

Bellfield vs Knoxfield: what the numbers say

The median house price is $1.0M in Bellfield and $1.0M in Knoxfield, so Knoxfield is the cheaper entry point.

On cash flow, Knoxfield leads: houses there return a gross rental yield of 3.41%, compared with 3.30% in Bellfield, a gap of 0.11 percentage points.

Over the past year house prices moved +3.4% in Bellfield (an estimate) and +4.8% in Knoxfield, so recent momentum favours Knoxfield, although both suburbs recorded growth.

Rental vacancy is the same in both, at 1.6%.

Knoxfield is the bigger suburb, with a population of 7,645 against 1,996, roughly 3.8 times the size of Bellfield; a larger suburb usually means a deeper pool of buyers and tenants.

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

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