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Bellfield, VIC 3081

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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 Bellfield, VIC 3081 located in Melbourne 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.

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Yield 

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Buy 

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Rent 

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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 “Bellfield, VIC 3081”

  1. The total adult population (15 years or older) of Bellfield 3081 VIC is 1,656, with a median age of 36. Of those, 37.56% are married, 12.02% are divorced or separated, 46.07% are single and 4.71% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,940. The median monthly mortgage repayment for households in this suburb is $2,300 which is 25.73% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in VIC, the suburb of BELLFIELD 3081 is home to a modest estimate of 932 households. As we delve into Q3 of 2023, the property market landscape of BELLFIELD reveals typical prices for houses clocking in at a substantial $969K AUD. With a median weekly rent pegged at $473, this translates to an indicative yield of 2.54%.

    Although this falls slightly below the 3% benchmark that property investors with a cashflow-centered approach yearn for, such a yield should be contextualised within the sprawling dynamics of the BELLFIELD property market landscape.

    Speaking of socio-economic parameters, BELLFIELD garners an impressive IRSAD score of 995 out of 1217, indicating a relatively robust socio-economic status characterising the residents who call this suburb their home.

    However, potential investors must raise an eyebrow at a considerable 43% renter to owner ratio. Situated above the 30% ideal, this suggests a market somewhat saturated with rental properties which can potentially decelerate returns in the long haul due to high competition with other investors.

    Diving into the composition of the housing market, units constitute a mere 7% of the housing inventory, paving the way for a more favourable property landscape with less competition between landlords for tenants, fostering an environment conducive to higher rental yields.

    The affordability index currently stands at 42 years, a tad above the conventional 30-year mortgage – a stat that spells somewhat diminished affordability in BELLFIELD, potentially attenuating appeal amongst buyers.

    As for the supply metrics, BELLFIELD boasts a promising low SOM percentage of 0.16% for houses. Correspondingly, the inventory level also registers a low for houses at 0.43 months – rightfully suggestive of a favourable landscape with low supply. Further enhancing this favourable supply picture is a BA ratio of 0.95% indicating limited potential oversupply risks.

    Demand metrics also contribute to BELLFIELD’s investment potential. The average days on market for houses is a mere 23 days, clearly underlining a high demand for properties. Coupled with a low combined vacancy rate of 0.75% it underscores the high rental demand in BELLFIELD.

    Consequently, the buy search index for houses stands strong at 6, well above the threshold of 3, further testament to the high demand in the BELLFIELD property market.

    While a handful of metrics might venture into unfavourable thresholds, it’s important to note the favourable landscape painted by many other metrics, thus asserting that BELLFIELD might still be a potential haven for the discerning property investor.

    End-users can utilise the RCS (Relative Composite Score) developed by HtAG analytics for an automated research experience that draws from over 80 metrics, making investment decisions more data-driven and robust.

    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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