All About Bellerive, Clarence, TAS, 7018

Bellerive, located in the City of Clarence on the eastern shore of Hobart, Tasmania, is a picturesque suburb known for its stunning coastal views and charming residential atmosphere. The housing market in Bellerive is quite dynamic, characterized by a diverse mix of properties ranging from historic cottages to modern townhouses and spacious family homes. Due to its prime waterfront location, properties in Bellerive are in high demand, often commanding competitive prices. The suburb offers a blend of affordability and exclusivity, catering to a broad demographic including young professionals, families, and retirees. Recent trends have shown a steady appreciation in property values, driven by its desirable lifestyle offerings and proximity to Hobart's central business district. Potential buyers are attracted to Bellerive not only for its scenic beauty but also for its strong community vibe and the convenience of local amenities.

Living in Bellerive provides residents with a unique lifestyle, combining the tranquility of a coastal suburb with the convenience of city life just across the Derwent River. The area boasts a variety of recreational activities, including sailing at the Bellerive Yacht Club, enjoying cricket and AFL matches at Blundstone Arena, and exploring the scenic trails of the Rosny Hill Nature Recreation Area. The friendly community atmosphere is complemented by local shops, cafes, and restaurants, ensuring residents have everything they need close by. Bellerive is well-served by public transport, offering easy access to Hobart’s city center and surrounding suburbs. The suburb's educational facilities and family-friendly parks make it an attractive location for families, while its vibrant arts and culture scene appeal to a broad audience. Overall, Bellerive offers a serene yet connected lifestyle, making it a sought-after destination for a diverse range of homebuyers.

Bellerive Real Estate Market Outlook

Thinking about buying in Bellerive? Now could not be a better time, with 3084 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $545,000 with prices in this suburb ranging from $19,000 to $2,641,000. Bellerive is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Bellerive ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Bellerive classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Bellerive requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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