After the first settlers arrived, the area expanded rapidly, with roads leading to the farming districts of Clarence Plains (Rokeby), Coal River (Richmond), and Hollow Tree (Cambridge).

The village became the hub of eastern shore contact with Hobart, with several boats crossing between Bellerive and Sullivans Cove every day.

The building has served various purposes, including municipal council chambers, a district library, and the Criminal Investigation Branch (CIB) headquarters.

The area around Bellerive Quay and the boardwalk maintains a village-like atmosphere, with many historical homes and buildings dating back to the early 19th century.

[4][5] The former 300-seat Regent Theatre, opened on the corner of Percy Street and Cambridge Road on 5 November 1931, was both a cinema and town hall.

The waterfront site has seen ongoing debate involving developers, the Clarence City Council, and local Indigenous groups.

[7] In March 2023, the Clarence City Council initiated a buy-back of portions of the Kangaroo Bay site to reconsider its future development.

[9][10] Later in 2024, the Tasmanian Government used artificial intelligence (AI) to assess job creation estimates for the project, aiming to confirm that employment targets would be met.

The terminal will include updated docking facilities and improved public spaces, with the goal of increasing ferry services and enhancing accessibility.

[12][13] In early 2024, Cricket Tasmania announced its decision to vacate Bellerive Oval, also known as Blundstone Arena, after using the venue for several decades for both international and domestic matches.

Bellerive’s real estate market has experienced growth, with the median house price reaching approximately $1.07 million as of 2024.