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Bellerive, TAS 7018

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bellerive, TAS 7018 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bellerive, TAS 7018”

  1. The total adult population (15 years or older) of Bellerive 7018 TAS is 4,242, with a median age of 44. Of those, 48.00% are married, 13.53% are divorced or separated, 31.61% are single and 6.84% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $8,012. The median monthly mortgage repayment for households in this suburb is $1,600 which is 19.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Bellerive, postcode 7018, is a lively suburb nestled in Tasmania. Housing approximately 2585 households, the region has shown stable property market statistics as of Q3 2023. The typical property prices for houses stand at a hefty $1,004,264, whereas the median weekly rent is a comfortable $624. This combination brings forth an attractive indicative yield of about 3.23%, exceeding the minimum expectation for cashflow-focused property investors.

    The locale boasts a socio-economic IRSAD score of 1012 out of a possible 1217, indicating a prosperous environment with abundant access to economic resources, high income levels and a pool of skilled professionals. Furthermore, with an advantageous renter to owner ratio of merely 18%, the suburb attests to the stability and appeal it offers to potential home-buyers.

    As for the units to houses ratio, Bellerive stands at a favourable 32%, indicating a lesser proportion of units when compared to houses, hence minimising competition among landlords seeking tenants, and helping maintain higher rental yields.

    When it comes to affording a home in Bellerive, the Affordability Index or ‘Years to Own’ calculates an estimate of 49 years based on prevailing interest rates, median family income and property prices. While higher than the favourable threshold, this is moderated by the suburb’s other prosperous metrics.

    Unveiling the supply-side metrics, Bellerive enjoys an invitingly low stock on market Percentage of just 0.23% for houses, as well as a low inventory level at 1.12 months, attesting to high absorption of fresh listings. The modest building approvals ratio of 0.41% strikes a balance in maintaining the supply of new dwellings in check.

    Delving into demand indicators, properties in Bellerive enjoy high interest with an impressively low average of 17 days on the market for houses. Despite a moderate vacancy rate of 2.94% for combined houses and units, Bellerive ceaselessly ranks fairly in the views of potential property buyers, proven by a buy search index of 4.

    Understanding these property market data developments is key to making informed real estate investments. While some metrics may appear unfavourable, the overall favourable metrics in Bellerive could yet present an attractive investment opportunity. The HtAG Analytics’ Relative Composite Score (RCS) is a comprehensive tool for fast, automated research, offering an aggregate viewpoint on market trends, including these metrics among 80 others.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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