Over the last year, property investments in Bayswater North, 3153 have given investors a capital gain of 11.87%. This compares favourably with the 8.96% for VIC as a whole.
Bayswater North,3153 was ranked 890 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Bayswater North itself are offering an average vendor discount of -5.38% to real estate investors.
At number 855 in a list of fastest selling suburbs, Bayswater North is in the TOP 30% of suburbs in Australia with an average of days on market 57.06 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 3.02% based on the median price in Suburb
Bayswater North has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.79% to date .
If we look at median property appreciation over just the last three months, Bayswater North has given property investors a paper return of -1.79%. This puts Suburb as 297 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Bayswater North should be aiming for at least -3.48% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $327.5 weekly from the median priced house in this suburb.