Question 1

Is Bellfield a nice place to live?

Accepted Answer

Bellfield is a small, established suburb in Melbourne's north-east with quiet, tree-lined streets and a largely mid-century housing mix of brick and weatherboard cottages alongside pockets of newer townhouses and renovated homes. Its green setting, with reserves and the Darebin Creek corridor, gives residents walking and cycling trails and community sporting grounds. The suburb suits families and those after a calm residential base with easy access to nearby Hurstbridge line train stations, local buses, and shopping and schools in adjoining suburbs. Bellfield has a population of 1,996 and a median age of 36.

The community is weighted towards families and most homes are owner-occupied (54.7%) while 45.3% are rented. A council-led Bellfield masterplan is driving local renewal: a new community hub is open, a Launch Housing social housing development of 58 homes has opened, residential construction is underway and public open-space works are progressing. Ford Park is being delivered with a neighbourhood playspace, picnic shelters and a ride and scoot track, with further upgrades to youth spaces, paths and sporting facilities identified for future delivery. Whether Bellfield suits you will come down to how much you value its calm, green setting and nearby services.

Question 2

Is it expensive to live in Bellfield?

Accepted Answer

On the figures, renting a house in Bellfield at about $650 a week would take roughly 35.2% of a typical local household's weekly income as recorded at the last Census, which is a sizeable share of income. Buying looks much more stretched: the median house price of $995,000 is about 10.4 times a typical local household's annual income at the last Census, so purchasing sits well above what households earned then. Which option feels expensive depends on your own income and circumstances.

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

Question 3

Is Bellfield a good place to invest?

Accepted Answer

Over the past 12 months, median house values in Bellfield edged up 0.1%. That small rise is the measure of capital growth for houses over the year, so it’s the figure to focus on if price appreciation is your primary concern. Whether that level of movement suits your investment goals depends on your objectives and circumstances.

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.

	Houses	Units
Median price Past 3 months	$995K	N/A
Change in value Past 12 months	0.1%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	N/A	N/A

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