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Bellfield, VIC 3381

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Walkable

Median House

$635,000

Median Unit

$450,000

list-price estimate

Gross Yield (houses)

3.1%

1yr Growth

-

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

Bellfield (VIC 3381) runs a median house price of $635K, with houses yielding a gross 3.1%. At 6.4% vacancy, it is a softer rental market with more choice for tenants.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 75 days on market, so plan for a slower exit if you ever need one.

Living in Bellfield: people, income and schools

Bellfield is home to around 1,996 people, a number that has held fairly steady over five years. The median age is 2, younger than the national median, and families account for 69% of households.

Households here earn a median of about $77,000 a year, or roughly $1,470 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 35% over five years, which tends to underpin what local buyers can pay.

Most day-to-day errands are doable on foot; the suburb scores 70 for walkability out of 100.

Population
1,996
+1% over 5yr
Median age
2 years
Median household income
$77,000/yr
Households renting
22%
Family households
69%
Socio-economic rank
7/10
ABS advantage index
Unemployment
1.8%
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

No properties currently listed in Bellfield

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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. 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 3381 is $635K for houses.

What rental yield does Bellfield show?

The gross rental yield in Bellfield is 3.1% for houses. 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 Bellfield?

The current vacancy rate in Bellfield is 6.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Bellfield?

Bellfield has a population of approximately 1,996 residents, with a median age of 2.

Is Bellfield affordable to buy in?

A median house in Bellfield costs about 8.3 times the median local household income (broadly in line with metropolitan Australia). 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 held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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