Is Bellerive a nice place to live?

Bellerive is an eastern shore suburb of Hobart centred on a tree-lined shopping strip and a long riverfront boardwalk beside Bellerive Oval. It is a community where couples without children are the largest family group, and most homes are owner-occupied, with 43.6% owned outright. Parks, reserves and the open expanse around Bellerive Oval make weekend sport and riverside strolls regular features, while cafes, small shops and local services cluster around the pier and main street; road links including the Tasman Bridge and regular buses connect the suburb to the city. The Bellerive Beach Park master plan is under review by Clarence City Council and the council records the project as about 30% complete.

Is it expensive to live in Bellerive?

At the most recent Census, a typical local household in Bellerive earned about $1,461 a week. The current median house price of $981,000 is about 12.9 times a typical local annual household income, which sits well above local incomes. Rents also take a large share of local earnings: a house rent of $650 a week would be roughly 44% of that weekly income, while a unit rent of $490 a week would be about 34%. On these figures, renting a house in Bellerive would take a larger share of a typical local household's income than renting a unit; whether that feels expensive depends on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Bellerive a good place to invest?

The most notable moves in Bellerive over the last 12 months are a strong 13.5% rise in median house values and a solid 9.6% increase in house rents. Units recorded more modest change, with median unit values up 2.8% and unit rents edging up 1.0%. That means for houses capital growth outpaced rental growth, while for units value gains were modest and rent increases were slight. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Bellerive suburb profile

Bellerive is an eastern shore suburb of Hobart on the River Derwent, centred on a tree-lined shopping strip and a long riverfront boardwalk. Parks, reserves and the open expanse around Bellerive Oval create a relaxed atmosphere where weekend sport and riverside strolls are regular features.

Housing ranges from weatherboard and bluestone cottages to low-rise apartment blocks close to the water, with quieter residential streets inland. Road links including the Tasman Bridge and regular buses connect the suburb to the city, while cafes, small shops and local services cluster around the pier and main street.

Bellerive property market performance

Property growth+8.1%Past 12 months

Bellerive's median house price is $981,000 and house values rose sharply over the last 12 months (13.5%). There is no reliable median for units because too few units have sold here recently for a median to be published. That large house rise is based on just 12 sales over the last 3 months, and units sold more quickly with a median time on market of 24 days.

In Bellerive, house rents rose a notable 9.6% over the last 12 months, while house values rose more strongly over the same period.

	Houses	Units
Median price Past 3 months	$981K	N/A
Change in value Past 12 months	13.5%	2.8%
Sold Past 3 months	12	10
Median days on market Past 12 months	32	24
Average rent Past 12 months	$650	$490
Change in rent Past 12 months	9.6%	1.0%

5 year median price trend for houses and units

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Bellerive demographics

Bellerive is a community where couples without children are the largest family group, and most homes are owner-occupied.

In Bellerive, 43.6% of homes are owned outright and 26.5% are owned with a mortgage. At the 2021 Census, 4,945 people lived in Bellerive.

Bellerive and Tasmania

	Suburb	TAS
Median age years	44	42
Median household income weekly	$1,461	$1,358
Couples with children share of families	34.8%	36.8%
Couples without children share of families	48.5%	44.5%
One-parent families share of families	14.9%	17.3%
Homes owned outright share of homes	43.6%	38.4%
Homes with a mortgage share of homes	26.5%	34.2%
Homes rented share of homes	29.9%	27.4%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Bellerive infrastructure, key developments and investment opportunities

Bellerive's Bellerive Beach Park master plan is under review by Clarence City Council, with the council recording the project about 30% complete and an estimated completion in 2026. The Victoria Esplanade and Kangaroo Bluff landscape plan was placed out for public consultation in 2023. The original Bellerive Beach Park master plan, prepared in 2015, proposed amenities including a cafe, a restaurant and a bathers' pavilion.

Suburbs near Bellerive

Some popular suburbs near Bellerive include:

How does Bellerive compare to nearby suburbs?

Median house prices: Bellerive’s median house price is 32.7% higher than Mornington’s.
House price growth: Over the past 12 months, house prices in Bellerive have grown 21.3% higher than in Montagu Bay.
Unit price growth: Property prices in nearby Warrane have risen 2.5% more than in Bellerive over the past year.
Selling speed for houses: Properties in Bellerive are selling 36.0% faster than in Rose Bay.
Selling speed for units: Properties in nearby Warrane are selling 4.2% faster than in Bellerive.
Investment considerations: In Bellerive, the rental yield for house is 8.5% higher than the Hobart average, while the rental yield for units is 1.4% higher.
House price growth: Over the past 12 months, house prices in Bellerive have grown 19.0% higher than the average rate of growth across Hobart.
Unit price growth:Over the past 12 months, unit prices in Bellerive have grown 7.1% higher than the average rate of growth for units across Hobart.

Common questions about Bellerive

Is Bellerive a nice place to live?
Bellerive is an eastern shore suburb of Hobart centred on a tree-lined shopping strip and a long riverfront boardwalk beside Bellerive Oval.

It is a community where couples without children are the largest family group, and most homes are owner-occupied, with 43.6% owned outright. Parks, reserves and the open expanse around Bellerive Oval make weekend sport and riverside strolls regular features, while cafes, small shops and local services cluster around the pier and main street; road links including the Tasman Bridge and regular buses connect the suburb to the city. The Bellerive Beach Park master plan is under review by Clarence City Council and the council records the project as about 30% complete.
Is it expensive to live in Bellerive?
At the most recent Census, a typical local household in Bellerive earned about $1,461 a week. The current median house price of $981,000 is about 12.9 times a typical local annual household income, which sits well above local incomes.

Rents also take a large share of local earnings: a house rent of $650 a week would be roughly 44% of that weekly income, while a unit rent of $490 a week would be about 34%. On these figures, renting a house in Bellerive would take a larger share of a typical local household's income than renting a unit; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Bellerive a good place to invest?
The most notable moves in Bellerive over the last 12 months are a strong 13.5% rise in median house values and a solid 9.6% increase in house rents. Units recorded more modest change, with median unit values up 2.8% and unit rents edging up 1.0%. That means for houses capital growth outpaced rental growth, while for units value gains were modest and rent increases were slight.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Bellerive

Currently, there are 48 real estate agents working in Bellerive—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 48 agents sold 25.3% of all properties in Bellerive over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Bellerive typically charge a commission of 2.63% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.