Lorna Wang
Dubbo, NSW+27
Hobart · Eastern Suburbs
Bellerive, French for 'beautiful shore', is a prestigious waterfront suburb that blends historic village charm with a relaxed, family-friendly coastal lifestyle. Just a 10-minute commute from Hobart's CBD, it offers stunning views of the River Derwent and kunanyi/Mount Wellington, a vibrant café culture, and abundant green spaces, making it one of the city's most sought-after locales.
Market snapshot
Price register · May 2026
Median house
$750,000 - $1.00M
Mid-band $875Kspread 29%
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Median unit
$550,000 - $750,000
Mid-band $650Kspread 31%
Days on market
~10-22 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
4.0% to 5.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+15% to +35%
cumulative since 2021Who buys here
Families upsizing · Professionals seeking lifestyle · Downsizers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Bellerive property market is characterised by high demand, limited supply, and a blue-chip reputation that supports long-term capital growth. As one of Hobart's premier eastern shore suburbs, it consistently attracts strong interest from families, professionals, and downsizers drawn to its waterfront lifestyle and convenient proximity to the CBD. Recent data indicates a median house price of approximately $881,500, with units sitting around $646,000. While the market has seen a stabilisation in price growth over the last twelve months, with a modest annual increase of around 3.2%, the five-year growth figure of over 24% highlights the suburb's strong performance following the post-2020 property boom.
The key driver of the market is its tightly held nature. Properties in Bellerive are sold quickly, with an average of just 16 days on market, signalling intense buyer competition. Low stock levels and a high owner-occupier rate of over 68% mean that opportunities to buy in are scarce, which in turn places a floor under prices. The introduction of the Derwent Ferry service in 2021 has further enhanced Bellerive's appeal, providing a fast and scenic 15-minute commute to the city and reducing reliance on the Tasman Bridge. This infrastructure improvement has made the suburb even more attractive to professionals and has likely contributed to its sustained desirability.
Investment metrics show a market geared more towards capital appreciation than high rental returns. Gross rental yields for houses are around 4.5%, a solid figure but modest when viewed against the high entry price. For investors, the thesis is clear: Bellerive is a long-term hold in a location with enduring appeal. The combination of lifestyle amenities—including Bellerive Beach, Blundstone Arena, the foreshore trail, and a charming village precinct—ensures that demand remains fundamentally strong, insulating it from wider market volatility.
Bellerive offers a rare blend of waterfront serenity and city convenience, underpinning its consistent demand and long-term growth potential.
Why a buyers agent
In a highly competitive market like Bellerive, a buyer's agent provides a crucial advantage. With properties selling in an average of just 16 days, many of the best opportunities are secured off-market or before the first open home. An experienced local agent has the network to access these properties first. Furthermore, Bellerive's property landscape is nuanced; there are significant price differences between homes on Bellerive Bluff with expansive water views and those further inland. An agent can provide granular advice on street-level value. They also possess deep knowledge of local planning regulations and heritage overlays, which affect many of the suburb's charming older homes, helping buyers avoid costly mistakes and identify properties with untapped potential.
With its beautiful beach, scenic boardwalks, and active yacht club, Bellerive offers an idyllic coastal lifestyle. Enjoy morning walks along the foreshore, picnics in the park, or simply soaking in the stunning river and mountain views.
Experience the best of both worlds with a relaxed village atmosphere just 10-15 minutes from the heart of Hobart's CBD via car, bus, or a popular ferry service.
The suburb is equipped with excellent schools, expansive parks like the renowned Bellerive Beach Park, and safe, quiet streets, making it a perfect environment for raising a family.
Bellerive's rich history is evident in its heritage buildings and the quaint Bellerive Village precinct. This, combined with a vibrant community spirit, creates a unique and welcoming atmosphere.
Consistently high demand, low supply, and premium lifestyle drivers have established Bellerive as a blue-chip suburb with a track record of strong long-term capital growth.
Compare
| Metric | This suburbBellerive | NearbyHowrah | NearbyMornington | NearbyRosny |
|---|---|---|---|---|
| Median house | $750,000 - $1.00M | $700,000 - $950,000 | $1.30M | $850,000 - $1.15M |
| Median unit | $550,000 - $750,000 | $550,000 - $750,000 | $814,000 | $1.00M - $1.40M |
| Auction clearance | — | — | 65% | — |
| Days on market | ~10-22 days | ~16-36 days | 31 days | ~22-50 days |
| Year-on-year growth | -2% to +8% | +7% to +17% | +3.9% | +5% to +15% |
| 5-year growth | +15% to +35% | +27% to +47% | +33.5% | +55% to +75% |
| Rental yield | 4.0% to 5.0% | 3.9% to 4.9% | 2.8% | 3.8% to 4.8% |
| Postcode | 7018 | 7018 | 3931 | 7018 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Bellerive is a picturesque suburb on the eastern shore of the River Derwent, located just 6km from Hobart's city centre. Its character is defined by a scenic waterfront, historic sandstone buildings, and a relaxed village atmosphere. The Bellerive Quay and boardwalk form the suburb's social heart, lined with cafes, restaurants like The Waterfront Hotel, and local shops.
Families are well-catered for with excellent schools, including Bellerive Primary School, Corpus Christi Catholic School, and The Cottage School. Nearby secondary options include Clarence High School. Recreation is a key feature of the lifestyle. The iconic Blundstone Arena hosts international cricket and AFL matches, while the expansive Bellerive Beach Park offers an all-abilities playground, BBQ facilities, and direct access to the calm waters of Bellerive Beach. The Clarence Foreshore Trail provides a scenic route for walkers and cyclists, connecting Bellerive with neighbouring suburbs. Boating enthusiasts are drawn to the Bellerive Yacht Club.
Transport links are superb. A 10-15 minute drive across the Tasman Bridge connects residents to the CBD, while numerous Metro bus routes offer frequent services. The popular Derwent Ferry provides a 15-minute journey from Bellerive Pier to Brooke Street Pier in the city, offering a stress-free commute. For shopping, residents have the convenience of local stores in Bellerive Village and Tasmania's largest shopping centre, Eastlands, just a few minutes' drive away in Rosny Park.
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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