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City of Banyule
Bellfield

Bellfield Property Market
& Suburb Profile

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MEDIAN PRICES IN BELLFIELD

Median house price

(all agencies, last 12 months)$1.0m*

House price change

(all agencies, last 12 months)+6.73%

Median unit price

(all agencies, last 12 months)$875k*

Unit price change

(all agencies, last 12 months)+19.25%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BELLFIELD PRICE TRACKER

HousesUnits

BELLFIELD SALES OVERVIEW

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Average held period in Bellfield

(proptrack)11 years

BELLFIELD INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$641pw

House rental price change

(all agencies, last 12 months)0.12%

Median rental price for Units

(all agencies, last 12 months)$601pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)3.4%

Average rental yield for Units

(all agencies, last 12 months)4.34%

Bellfield total population size

(as at the last census)1,996

Median household size in Bellfield

(as at the last census)2.6

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

BELLFIELD PROPERTY TYPES

  • Houses 39%
  • Units 27%
  • Other 34%

OCCUPANCY IN BELLFIELD

  • Owned 52%
  • Rented 43%
  • Other/Not Stated 5%
  • Singles 24%
  • Families 68%
  • Other 8%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT BELLFIELD

Bellfield is a small, quietly evolving residential suburb located just 9 kilometres north-east of Melbourne’s CBD, offering a convenient inner-urban lifestyle that retains a strong, community-focused and leafy character.

Bellfield's appeal lies in its excellent location, being tucked away between the more established precincts of Ivanhoe and Heidelberg, providing residents with easy access to a wealth of high-end amenities without the constant hustle and bustle.

The housing stock is notably diverse and in a period of change, featuring traditional post-war homes on generous parcels of land alongside an increasing number of contemporary townhouse and unit developments, catering to first-home buyers, young families, and downsizers seeking an entry point into the popular City of Banyule municipality.

Lifestyle is enhanced by abundant green spaces, including Ford Park, Liberty Park Reserve, and the expansive Darebin Creek parklands and trails, which are heavily utilised for walking, cycling, and family recreation.

While the suburb's immediate local shops are modest, superior connectivity ensures major retail and dining hubs, such as Northland Shopping Centre and the Burgundy Street precinct, are all within a few minutes' drive, while commuters benefit from swift access to the city via Bell Street and nearby train stations in Ivanhoe and Heidelberg.

For investors, Bellfield presents an attractive value proposition due to its proximity to major employment hubs like the Austin Hospital and La Trobe University, which drives consistently high rental demand and offers healthy unit rental yields.

Education

Waratah Special Developmental School
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BELLFIELD MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202568$945,0006.72%44$621pw3.87%
202443$847,5004.30%53$585pw3.79%
202358$880,875-0.80%52$549pw3.58%
202230$826,250-4.82%79$479pw3.21%
202140$937,50027.92%59$426pw2.77%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202568$945,000+6.72%
202443$847,500+4.30%
202358$880,875-0.80%
202230$826,250-4.82%
202140$937,500+27.92%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202544$621pw3.87%
202453$585pw3.79%
202352$549pw3.58%
202279$479pw3.21%
202159$426pw2.77%

PROUDLY SERVICING Bellfield

Barry Plant
Ivanhoe

Office 1/120 Upper Heidelberg Road
View on Google Maps

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.