VIC has seen average median house prices change by 7.80% which means that Bayswater North, 3153 has done well for property investors by showing a capital gain of 8.89% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bayswater North has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bayswater North, 3153. Typically our figures indicate that -3.37% is being offered, which puts this VIC suburb at 3464th most discounted overall in Australia.
Residents and property investors in Bayswater North have been waiting around 39.12 days to sell a property.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.21%, without taking into account capital value appreciation, which has been averaging out at 8.07%.
At number 550th in the list of Australian suburbs ordered by increase in median house value over the last year, Bayswater North, 3153 is in the top 40% with a property value increase of 7.13% recorded in median house prices.
Over the longer term, Bayswater North has seen property prices show investors a 31.41% return over the last 3 years. This is worse than over the last 12 months
Bayswater North3153 is located in VIC which offers an average discount of -5.22% to property investors. Bayswater North itself is showing figures that indicate -4.14% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $320 mark per week – giving a return of 3.96% based on the median price in Suburb