Bellfield

Bellfield, VIC 3081 is a suburb with a population of 1996 residents. The age demographics are diverse, with a significant proportion in the age bracket of 20 to 44 years. The median household income is $1,845 per week. The top three occupations include professionals, managers, and technicians/tradeworkers. The suburb has good transport infrastructure, with a notable number of residents using motor vehicles for their daily commute. Additionally, a considerable percentage of residents work from home. For house investors, Bellfield presents an opportunity with a high market absorption rate, indicating strong demand that may lead to potential growth in property prices. The suburb has a low vacancy rate and a balanced room demand-supply ratio, suggesting a healthy rental market. House prices have shown consistent growth over the past few years. For unit investors, the suburb showcases a market absorption rate of 40%, indicating significant demand. The units have seen positive median growth rates, making them an attractive option for investors. Bellfield, VIC 3081 is a vibrant suburb with a mix of demographics, good educational facilities, and strong transport links. It offers potential for property investors, particularly in the housing and unit markets, due to the favourable market conditions and growth trends observed in recent years. Homeowners interested in this suburb can benefit from the growth potential, while investors and property developers may find opportunities in the growing demand for rental properties. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022