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Bellarine, VIC 3223
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$855,000
list-price estimate
Median Unit
$510,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Bellarine
Bellarine has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bellarine market and investor summary
In Bellarine, VIC 3223, houses show a gross rental yield of 2.1%. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Bellarine: people, income and schools
Bellarine has a resident population of roughly 169, and the area has been growing steadily, up about 22% over five years. The median age is 57, an older, established demographic, and 92% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $115,000 a year, or roughly $2,210 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 37% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is roughly 46 km from the CBD. It is fairly car-dependent; the suburb scores 4 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 169
- +22% over 5yr
- Median age
- 57 years
- Median household income
- $115,000/yr
- Households renting
- 8%
- Family households
- 79%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1014
- Unemployment
- 6.0%
- Distance to CBD
- 46 km
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bellarine
View all →Frequently asked questions about Bellarine
What should I check before investing in Bellarine?
Bellarine has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bellarine?
The median property price in Bellarine, VIC 3223 is $510K for units.
What rental yield does Bellarine show?
The gross rental yield in Bellarine is 2.1% for houses and 5.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Bellarine?
The current vacancy rate in Bellarine is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bellarine?
Bellarine has a population of approximately 169 residents, with a median age of 57.
What schools are near Bellarine?
There are 1 school within roughly 5km of Bellarine. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bellarine's population growing?
The population of Bellarine has grown about 22% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Bellarine from the CBD?
Bellarine is about 46 km from the CBD.
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