All About Bellfield, Banyule, VIC, 3081

Bellfield, located in the Banyule area of Victoria, offers a unique blend of suburban tranquility and accessibility to urban amenities. The housing market in Bellfield has been experiencing steady demand, characterized by charming post-war homes, modern townhouses, and new developments that appeal to a diverse group of buyers, from young professionals to growing families. With its relatively moderate property prices compared to neighboring suburbs, Bellfield provides an attractive entry point for first-time buyers and investors alike. The suburb's housing landscape is evolving, with ongoing improvements and an emphasis on sustainable living, alongside a community that values a quiet, family-friendly environment.

Living in Bellfield offers residents a suburb with a strong sense of community, surrounded by lush greenery and open spaces. Local parks, such as Ford Park and Malcolm Blair Reserve, provide excellent recreational opportunities for outdoor enthusiasts and families. The suburb's proximity to essential amenities, including schools, shopping centers, and public transport, ensures residents have everything they need within reach. Community vibes are bolstered by various local events and activities, creating a warm, welcoming environment. This balance of peaceful suburban living, along with convenient access to Melbourne’s bustling city center, makes Bellfield an appealing choice for those seeking a harmonious lifestyle.

Bellfield Real Estate Market Outlook

Thinking about buying in Bellfield? Now could not be a better time, with 1073 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,177,000 with prices in this suburb ranging from $652,000 to $3,282,000. The aproximate distance to the coast is 10 Km.

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. Incomes in Bellfield are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Bellfield provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Bellfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Bellfield we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bellfield a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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