Heidelberg West and Bellfield are two tightly held suburbs within the Heidelberg hospital precinct in Melbourne’s north-east. Both offer strong yields driven by hospital worker demand and proximity to La Trobe University. This comparison uses REIV Q2 2025 and ABS Census 2021 data.
Median House Price Comparison
| Metric | Heidelberg West | Bellfield |
|---|---|---|
| Median House Price | $880,000 | $1,020,000 |
| Median Unit Price | $460,000 | $520,000 |
| Gross House Yield | 4.5% | 4.2% |
| Gross Unit Yield | 4.9% | 4.6% |
| 5-Year Growth (House) | 26% | 29% |
| Owner-Occupier Rate | 55% | 62% |
| Median HH Income (ABS 2021) | $1,620/wk | $1,840/wk |
| GeeVee Investment Score | 7.5/10 | 7.8/10 |
GeeVee Verdict
Bellfield scores 7.8/10 on the strength of its higher household incomes, better capital growth and larger lot sizes. Heidelberg West scores 7.5/10 with the highest yields in the comparison at 4.9% for units. Yield investors choose Heidelberg West; growth investors choose Bellfield.
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