Bellfield is one of Melbourne’s smallest and most tightly held suburbs, with just 2,400 residents (ABS 2021), under 50 house sales per year and a median house price of $1,020,000. Bordered by Heidelberg, Ivanhoe and the Yarra River, it offers Ivanhoe-adjacent prestige at a significant price discount, with 33% five-year growth and a deeply stable 76% owner-occupier rate.
Bellfield Market Snapshot 2026
| Metric | Figure |
|---|---|
| Median House Price | $1,020,000 |
| Median Unit Price | $520,000 |
| Median Weekly Rent (Unit) | $470/wk |
| Gross Unit Yield | 4.2% |
| 5-Year Price Growth | 33% |
| Population | 2,400 |
| Median Household Income | $2,240/wk |
| Owner-Occupier Rate | 76% |
Bellfield Investment Outlook 2026
GeeVee AI rates Bellfield 7.8/10 for investment. The suburb’s extreme scarcity (under 50 sales per year), Ivanhoe adjacency and Yarra River borders create some of Melbourne’s strongest organic price growth dynamics. Investors who buy and hold in Bellfield typically outperform surrounding suburbs over 10-year horizons.
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