Suburb Overview
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.
Location
Key Indicators
Postcode
3081
Postcode for Bellfield, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
1,996
Usual resident population at the most recent census.
Median weekly rent
$375/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$95,940
Annual median household income (before tax) across all households.
Distance to CBD
9 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$2,300/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
67% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
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. At the 2021 Census, rent of $375/week covered 71% of the $2,300/month median mortgage recorded at the same Census, leaving a gap of roughly $675/month at the time. Rents and repayments have both risen since — re-run the numbers with current figures before drawing conclusions. 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.
Bellfield vs Victoria Median
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, 2021 Census) | $375 | $380 | -1% |
| Median mortgage (monthly, 2021 Census) | $2,300 | $1,950 | +18% |
| Distance to CBD | 9 km | 32 km | -72% |
| Separate houses | 67% | 78% | -11pp |
Investor Checklist
Pre-inspection briefing for Bellfield — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 1,996 residents — 27% of the VIC suburb median (7,416).
- Purchasing power: median household income $95,940/year (+1% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $375/week rent (≈ $1,625/month) covered ~71% of the $2,300/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 9 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 67% separate houses — mixed market (vs 78% state median).
- Rate stress-test: budget ~$230/month extra for a 1-percentage-point RBA rate rise on top of the $2,300/month median repayment.
- Tenant rent burden: 20% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
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 at the 2021 Census: rent of $375/week covered 71% of a $2,300/month mortgage, a $675/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
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.
Risk Factors
- Interest-rate sensitivity: the $2,300/month median mortgage in Bellfield means a 1-percentage-point RBA rate rise could add roughly $230/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 1,996 residents, Bellfield has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Bellfield regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in Bellfield with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
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Start your first-home journey →2026 Outlook
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. At the 2021 Census, rental coverage ran at ~71% of the typical mortgage ($1,625/month rent vs $2,300/month repayment), leaving a manageable top-up for most investors. Verify against current rents and rates. Overall investor sentiment for Bellfield is balanced heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Bellfield a good suburb for investment?
Whether Bellfield suits you depends on your strategy, but the fundamentals are concrete: a population of 1,996, a median household income of $95,940/year and median weekly rent of $375. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Bellfield?
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. Together these shape both owner-occupier and tenant demand.
What is the population of Bellfield?
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.
How far is Bellfield from the Melbourne CBD?
Bellfield sits 9 km straight-line from the Melbourne CBD. This is inner-ring territory — pricing competes directly with established Melbourne employment nodes.
What is the median rent in Bellfield?
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.
What is the typical mortgage repayment in Bellfield?
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.
Is Bellfield cash-flow positive for investors?
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.
What are the main risks of investing in Bellfield?
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.
How we built this Bellfield profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.