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ABS 2021 Census · Updated 21 May 2026
Bellfield is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 1,996, making it a boutique locality. Located approximately 9 km from the Melbourne CBD, Bellfield is a middle ring area in Victoria. The median household income is $95,940 per year.
Bellfield benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.
Official Australia Post postcode for Bellfield. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Bellfield on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Bellfield is a smaller community of 1,996 — about 27% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. At $95,940/year, household income in Bellfield is within 1% of the Victoria median ($95,160), placing the suburb firmly in the state's mainstream demographic band. Rent of $375/week (71% coverage of the $2,300/month median mortgage) leaves a gap of roughly $675/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 9 km from the Melbourne CBD, Bellfield sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks.
How Bellfield stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Bellfield sits above the state median; negative means below.
| Metric | Bellfield | VIC median | Δ vs state |
|---|---|---|---|
| Population | 1,996 | 7,416 | -73% |
| Median household income | $95,940/yr | $95,160/yr | +1% |
| Median rent (weekly) | $375 | $380 | -1% |
| Median mortgage (monthly) | $2,300 | $1,950 | +18% |
| Distance to CBD | 9 km | 32 km | -72% |
| Separate houses | 67% | 78% | -11pp |
Pre-inspection briefing for Bellfield — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 1,996 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage: rent of $375/week covers 71% of a $2,300/month mortgage, leaving a $675/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 67% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Bellfield property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Bellfield are modest for 2026 — incomes close to the VIC median of $95,160 and a population of 1,996 suggest gains will lag headline metro markets. Rental coverage runs at ~71% of the typical mortgage ($1,625/month rent vs $2,300/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 62/100 places Bellfield in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Bellfield scores 62/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 1,996, median household income of $95,940/year and median weekly rent of $375. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Bellfield are proximity to Melbourne (9 km), an above-state-median household income of $95,940/year, a dwelling mix that is 67% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Bellfield has a usual resident population of approximately 1,996, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Bellfield sits 9 km straight-line from the Melbourne CBD. This is inner-ring territory — pricing competes directly with established Melbourne employment nodes.
The most recent census recorded a median weekly rent of $375 in Bellfield, equating to approximately $19,500/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Bellfield is $2,300, or approximately $27,600/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $375 works out to $1,625/month, covering 71% of the median mortgage repayment of $2,300/month. That leaves a $675/month shortfall (around $8,100/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (1,996 residents), interest-rate sensitivity on the $2,300 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.