Get a property report and suburb profile for any property in Bellerive

Bellerive sits on Hobart’s eastern shore along the River Derwent and has a foreshore village character centred on the Bellerive Oval and a leafy esplanade of cafes and small shops. The streets mix weatherboard cottages and modest interwar homes with newer apartments nearer the water, and the boardwalk, harbour outlook and the public pier make the foreshore popular for walks and dining. Regular buses and the Tasman Bridge connect the suburb to the city.

The community of 4,945 has a median age of 44 and includes young professionals, families and retirees; couple families (with and without children) make up 83.3% of reported families. About seven in ten homes are owner-occupied and renters are around 29.9%, with a median household income of $1,461 a week (roughly $76,000 a year). A government-funded ferry terminal upgrade is planned as part of an expanded River Derwent ferry network, council planning for a boardwalk and Kangaroo Bay/Bellerive Village precinct is under way, and the future of Bellerive Oval is currently under consideration after Cricket Tasmania announced it will vacate. Whether Bellerive suits you depends on how you value its foreshore setting, local shops and these planned changes.

Buying a house in Bellerive sits well above local incomes at the last Census. The median house price of $935,000 is about 12.3 times a typical local annual household income at the last Census (a household income of $1,461 a week, or $75,972 a year). Renting is less stretched but still significant: a house at $650 a week would take roughly 44.5% of that weekly income, while a unit at $490 a week would take about 33.5%. On these figures, buying is much more stretched against what people locally earned at the last Census, and renting would still use a sizeable to large share of income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House rents in Bellerive climbed 10.5% over the past year, a strong rise for rental income. House values increased 9.8% over the same period, a solid gain, so the rent a house earns has risen slightly faster than its price this year.

Units were much quieter: unit values rose a modest 2.8% while unit rents edged up 1.0%. Overall, houses showed notably stronger movement than units on both capital growth and rental income over the last 12 months, and which of those outcomes matters to you depends on whether you prioritise rental income or capital growth.

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.