Bellmere vs Collingwood Park

The median house price is $895K in Bellmere and $900K in Collingwood Park, so Bellmere is the cheaper entry point, with Collingwood Park houses about 1% dearer.

For units, Bellmere sits at a median of $675K against $615K in Collingwood Park, which makes Collingwood Park the more affordable unit market and Bellmere the pricier one.

Gross rental yield on houses is effectively level, at 3.77% in Bellmere and 3.80% in Collingwood Park, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +15.4% in Bellmere and +19.2% in Collingwood Park, so recent momentum favours Collingwood Park, although both suburbs recorded growth.

Looking back three years, Bellmere houses are +55.4% and Collingwood Park houses +55.9%, so Collingwood Park has compounded faster than Bellmere over the longer window.

Rental vacancy is 0.6% in Bellmere and 2.1% in Collingwood Park, so landlords in Bellmere face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Collingwood Park is the bigger suburb, with a population of 9,246 against 6,588, larger than Bellmere; a larger suburb usually means a deeper pool of buyers and tenants.

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