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Bellevue Hill suburb profile

Bellevue Hill is an affluent suburb in Sydney's eastern suburbs, renowned for its luxurious homes and stunning harbour views. Situated just 5km from the Sydney CBD, it offers a prestigious lifestyle with a blend of heritage architecture and modern residences. The suburb is known for its leafy streets, exclusive schools, and proximity to iconic beaches like Bondi and Double Bay. Bellevue Hill's serene environment and close-knit community appeal to families and professionals seeking a tranquil yet convenient location. Its combination of natural beauty, elegance, and accessibility makes it a highly sought-after address in Sydney.

Bellevue Hill property market performance

Current median dwelling price$5,887,500Past 3 months

Property growth+9.2%Past 12 months

Bellevue Hill’s property market has experienced significant growth over the past 12 months, with house values soaring by 24.3%, bringing the median house price to $10.32 million. In contrast, unit prices have remained stable with no change, maintaining a median price of $1.45 million.

Sales activity has been active in the suburb, with 24 houses and 41 units sold over the last year. However, properties are taking time to sell, with houses spending a median of 77 days on the market and units 63 days, indicating a steady but considered market pace.

Rental prices in Bellevue Hill have seen modest changes, with house rents increasing by 1.8% and units by 4.2% over the past year, reflecting steady demand in the rental sector.

HousesUnits
Median price
Past 3 months
$10.32M$1.45M
Change in value
Past 12 months
24.3%-6.0%
Sold
Past 3 months
2441
Median days on market
Past 12 months
7763
Average rent
Past 12 months
$2800$990
Change in rent
Past 12 months
1.8%4.2%

5 year median price trend for houses and units

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Bellevue Hill demographics

Bellevue Hill, nestled in Sydney's prestigious Eastern Suburbs, is renowned for its affluent lifestyle, stunning views, and proximity to the city and beaches. With a population of 10,590, the suburb is characterized by its leafy streets and grand homes, attracting families and professionals who appreciate its blend of tranquility and convenience. The median age of 39 suggests a mature community, with many residents enjoying the suburb's sophisticated charm and family-friendly environment.

The suburb's household income is notably high, with a median weekly income of $3,315, reflecting the area's affluence. Family dynamics in Bellevue Hill are diverse, with 44.8% of families being couples with children and 42.7% being couples without children. This balance highlights the suburb's appeal to both growing families and established couples seeking a serene yet connected lifestyle.

Property ownership in Bellevue Hill is predominantly outright, with 36.4% of homes owned outright and 29.4% owned with a mortgage. This indicates a stable property market with a significant proportion of long-term residents. Meanwhile, 34.2% of properties are rented, offering opportunities for those seeking to experience the Bellevue Hill lifestyle without immediate ownership. The suburb's blend of luxury, community, and convenience makes it a highly desirable location for those seeking an upscale living experience in Sydney.

Bellevue Hill infrastructure, key developments and investment opportunities

Bellevue Hill remains a tightly held, predominantly residential suburb with limited large-scale redevelopment, though a steady pipeline of prestige infill and boutique apartment projects in nearby centres like Double Bay, Bondi Junction and Rose Bay is improving access to high-end retail, dining and services, which supports buyer demand in the area.[1][2][9] Proximity to major employment and retail hubs at Bondi Junction and the Sydney CBD, combined with Bellevue Hill’s established reputation and limited land supply, continues to underpin its high median house and unit prices and low days on market.[2][3]

Local schooling remains a key driver of demand, with Bellevue Hill Public School and a concentration of high-performing independent schools in adjoining suburbs reinforcing the suburb’s appeal to family buyers.[2][8] Good bus connectivity and easy access to Edgecliff and Bondi Junction train stations, together with nearby parks such as Cooper Park and the short drive to Bondi Beach, enhance overall livability and help sustain strong property values, despite no major new transport or council-led infrastructure projects specifically within Bellevue Hill at this time.[2][3]

Bellevue Hill rental market trends

The rental market in Bellevue Hill has shown moderate growth, with house rents increasing by 1.8% to $2,800 per week and unit rents rising by 4.2% to $990 per week. This prestigious suburb continues to attract interest due to its luxurious properties and desirable location, making it a sought-after area for both affluent renters and investors.

Suburbs near Bellevue Hill

Some popular suburbs near Bellevue Hill include:

How does Bellevue Hill compare to nearby suburbs?

  • Median house prices: Bellevue Hill’s median house price is 142.9% higher than Bondi’s.
  • Median unit prices: Bellevue Hill’s median unit price is 23.8% higher than Bondi Junction’s.
  • House price growth: Over the past 12 months, house prices in Bellevue Hill have grown 16.6% higher than in Bondi.
  • Unit price growth: Property prices in nearby Bondi have risen 11.0% more than in Bellevue Hill over the past year.
  • Selling speed for houses: Properties in Bellevue Hill are selling 17.2% faster than in Rose Bay.
  • Selling speed for units: Properties in Bellevue Hill are selling 18.2% faster than in Bondi Junction.
  • Investment considerations: In Bellevue Hill, the rental yield for house is 210.1% higher than the Sydney average, while the rental yield for units is 27.2% higher.
  • House price growth: Over the past 12 months, house prices in Bellevue Hill have grown 470.9% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Bellevue Hill have grown 82.5% higher than the average rate of growth for units across Sydney.

Common questions about Bellevue Hill

  • Is Bellevue Hill a nice place to live?

    Bellevue Hill is a charming and peaceful suburb that offers a delightful living experience for those seeking a blend of tranquility and convenience. Known for its lush, leafy streets and elegant homes, the suburb exudes a sophisticated vibe that appeals to families and professionals alike. Its proximity to the Sydney CBD makes it an attractive choice for those who desire easy access to the city's amenities while enjoying a serene residential environment.

    The suburb's family-friendly atmosphere is enhanced by its excellent schools and community-oriented lifestyle. Families will find Bellevue Hill to be a welcoming place, with plenty of parks and green spaces for children to play and explore. The suburb's safety and strong sense of community make it an ideal location for raising a family.

    While Bellevue Hill offers a prestigious lifestyle, it does come with some trade-offs. The cost of living is relatively high, reflecting the suburb's affluent nature. Additionally, while the suburb is well-connected by public transport, there are no major new infrastructure projects planned, which means residents may need to rely on existing transport options for commuting.

    Overall, Bellevue Hill is a delightful place to live for those who appreciate a blend of natural beauty, elegance, and accessibility. Its combination of a peaceful environment, proximity to the city, and family-friendly amenities make it a highly desirable suburb for those seeking an upscale living experience in Sydney.

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  • Is it expensive to live in Bellevue Hill?

    Living in Bellevue Hill is undeniably expensive, reflecting its status as one of Sydney’s most prestigious suburbs. The median house price is a staggering $10,325,000, while units are priced at a median of $1,450,000. These figures are significantly higher than the average property prices in Sydney, making homeownership in Bellevue Hill a considerable financial commitment.

    For those considering renting, the costs remain high, with the average rent for houses at $2,800 per week and units at $990 per week. When compared to the average wage in Sydney, which is around $95,000 annually, the cost of living in Bellevue Hill would demand a large portion of one's income, particularly for housing.

    Despite the high expenses, Bellevue Hill offers a luxurious lifestyle with its proximity to Sydney’s city center, beautiful parks, and exclusive amenities. However, if you are thinking of living in Bellevue Hill, it's essential to evaluate your financial situation to ensure you can comfortably manage the substantial costs associated with this elite suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Bellevue Hill a good place to invest?

    Bellevue Hill stands out as a promising investment suburb, particularly for those interested in the luxury property market. Over the last 12 months, the suburb has experienced a remarkable 24.3% increase in median house values, indicating strong demand and a robust market for high-end homes. This growth suggests that Bellevue Hill is highly sought after, likely due to its prestigious reputation, proximity to Sydney's CBD, and stunning views.

    While the median unit values have remained stable, the rental market for units has seen a healthy increase of 4.2% over the past year. This suggests a growing demand for rental properties, making units an attractive option for investors seeking steady rental income. The modest increase in house rents by 1.8% also reflects the suburb's desirability among renters, particularly those looking for premium living spaces.

    Overall, Bellevue Hill offers a compelling mix of capital growth potential and rental demand, especially in the luxury segment. Its consistent appeal to affluent buyers and renters makes it a solid choice for investors looking to capitalize on the prestige and stability of this exclusive suburb.

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Choose the right real estate agents in Bellevue Hill

Choosing the right real estate agent in Bellevue Hill can have a big impact on your sale. While there are 99 real estate agents working in the suburb, but just 5 of them were responsible for 21.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.77% to 2.03%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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