Bellfield’s median house price in 2026 is $1,020,000, with units at $520,000. The suburb has recorded 33% five-year growth and unit gross yield averages 4.2%. Bellfield is one of Banyule’s best-kept secrets — a small, tightly held suburb of just 2,400 residents (ABS 2021) bordered by Heidelberg, Ivanhoe and the Yarra River, offering Ivanhoe-adjacent prestige at a meaningful price discount.
Bellfield Median Prices at a Glance
| Property Type | Median Price | 5-Year Growth | Gross Yield |
|---|---|---|---|
| House | $1,020,000 | 33% | 3.0% |
| Unit/Apartment | $520,000 | 29% | 4.2% |
| Townhouse | $820,000 | 31% | 3.5% |
Why Bellfield Is a Hidden Gem
Bellfield is bordered by Heidelberg to the north, Ivanhoe to the west and the Yarra River corridor to the south. Its small size (under 1.5sqkm) means annual turnover is extremely low, typically under 50 house sales per year. Buyers who purchase in Bellfield tend to hold for 10 years or more, creating strong scarcity value. The suburb shares Ivanhoe Grammar School and Heidelberg hospital precinct access with its more expensive neighbours.
Is Bellfield a Good Investment?
GeeVee AI rates Bellfield 7.8/10 for investment in 2026. It scores well on scarcity (9/10), location premium (8/10) and capital growth trajectory (8/10). GeeVee recommends Bellfield as a value-buy relative to Ivanhoe — similar amenity at a $800k+ price discount.
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