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Bellfield, VIC 3081
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,045,000
market range $1M-$1.1M
Median Unit
$685,000
list-price estimate
Gross Yield (houses)
3.3%
1yr Growth (houses)
+3.4%
market range -5.0% to +12.5%
Investment snapshot for Bellfield
Bellfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bellfield market and investor summary
In Bellfield, VIC 3081, the median house sells for around $1.0M, on a gross rental yield of 3.3% for houses. House prices have moved +3.4% over the past year. At 1.6% 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 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% 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 Bellfield: people, income and schools
Bellfield is home to around 1,996 people, and the area has been growing steadily, up about 11% over five years. At a median age of 30, it reads as younger than the national median.
The typical household income runs to around $83,000 a year (about $1,600 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 12.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 43% over five years, which tends to underpin what local buyers can pay.
Families have 75 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Bellfield sits about 9.4 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 70 for walkability and 89 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,996
- +11% over 5yr
- Median age
- 30 years
- Median household income
- $83,000/yr
- Households renting
- 44%
- Family households
- 40%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 75
- avg ICSEA 1092
- Unemployment
- 9.1%
- Distance to CBD
- 9.4 km
- Walk score
- 70/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bellfield
View all →Frequently asked questions about Bellfield
What should I check before investing in Bellfield?
Bellfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Walkability score of 70 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bellfield?
The median property price in Bellfield, VIC 3081 is $1.0M for houses.
What rental yield does Bellfield show?
The gross rental yield in Bellfield is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Bellfield?
House prices in Bellfield are up 3.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Bellfield?
The current vacancy rate in Bellfield is 1.6%. 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 Bellfield?
Bellfield has a population of approximately 1,996 residents, with a median age of 30.
What schools are near Bellfield?
There are 75 schools within roughly 5km of Bellfield. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bellfield affordable to buy in?
A median house in Bellfield costs about 12.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bellfield's population growing?
The population of Bellfield has grown about 11% 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 Bellfield from the CBD?
Bellfield is about 9.4 km from the CBD.
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