Bellmere vs Meldale
Property investment comparison - Bellmere, QLD 4510 vs Meldale, QLD 4510
Head-to-head across core investment metrics: Bellmere wins 2, Meldale 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 | Bellmere | Meldale |
|---|---|---|
| Median house price | $895K | $895K |
| Median unit price | $675K | $490K |
| Gross rental yield (houses) | 3.77% | 2.50% |
| Gross rental yield (units) | 3.77% | 5.89% |
| 1-year house growth | +15.4% | - |
| 3-year house growth | +55.4% | - |
| Vacancy rate | 0.6% | 0.8% |
| Population | 6,588 | 230 |
Bellmere vs Meldale: what the numbers say
Houses cost about the same in both suburbs: the median house price is $895K in Bellmere and $895K in Meldale.
For units, Bellmere sits at a median of $675K against $490K in Meldale, which makes Meldale the more affordable unit market and Bellmere the pricier one.
On cash flow, Bellmere leads: houses there return a gross rental yield of 3.77%, compared with 2.50% in Meldale, a gap of 1.27 percentage points.
Rental vacancy is 0.6% in Bellmere and 0.8% in Meldale, so landlords in Bellmere face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bellmere is the bigger suburb, with a population of 6,588 against 230, roughly 29 times the size of Meldale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bellmere for rental income, Bellmere for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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