Suburb Profile Report for Bayswater North VIC (3153)

Bayswater North House: Median price $693,000, Annual capital growth 9.04%, Number of sales 84, Weekly median advertised rent $390

Bayswater North Unit: Median price $440,000, Annual capital growth 7.49%, Number of sales 66, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Bayswater North, 3153 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.50%

Taking the average capital gain, or increase in median house value, Bayswater North,3153 has racked up an average of 15.50% over the period. This ranks it number 627th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Bayswater North itself are offering an average vendor discount of -2.17% to real estate investors.

At number 259 in a list of fastest selling suburbs, Bayswater North is in the TOP 10% of suburbs in Australia with an average of days on market 36.75 for properties listed there.

Advertised rents are around the $390 mark per week – giving a return of 2.93% based on the median price in Suburb

Investment property in Bayswater North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.53%

Bayswater North,3153 has offered an average of 3.53% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.83% offered to property buyers. Sellers in Bayswater North itself are offering an average vendor discount of -2.90% to real estate investors.

The VIC suburb of Bayswater North, 3153 is in the Maroondah local government area.

YIP MAG Information supplied by:

YIP MAG
June 2015

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Perhaps more known for its commercial and industrial hub, Bayswater North is also home to a thriving residential marketFull summary Perhaps more known for its commercial and industrial hub, Bayswater North is also home to a thriving residential market.

Its proximity to a wide range of businesses and shopping centres is making this suburb an ever more popular choice for Melbourne’s eastern residents.

While so close to an active business, Bayswater North is surprisingly peaceful.

Popular with young families, there are five schooling options for the kids and a range of parks, reserves and sporting clubs at hand. 

Although Bayswater North is 28km from the CBD, transport is excellent with regular bus services, a train station and the Eastlink just down the road.

A trip to the city will take commuters 40 minutes by car.

With a vacancy rate of just 0.75% and stock falling by -15.2% Bayswater North is clearly in high demand.

Four-bedroom homes perfect for families can be found on Greenhill Road and Colchester Road for under $330,000.Close
Metrics i HOUSE UNIT
$693,000 $440,000
4.52% 3.04%
15.50% 3.53%
9.04% 7.49%
$390 $330
84 66
2.93% 3.90%
36.75 23.2

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 8424
Median household income ($/weekly) 1208
Median age of persons 35
Median housing loan repayment ($/monthly) 1670
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 984 11.7
    25-34 years 1499 17.8
    35-44 years 1234 14.6
    45-54 years 1121 13.3
    55-64 years 952 11.3
    Others 2635 31.3
    Age Group
    Census Count Percent(%)
    Not Married 2810 44.6
    Registered Married 2795 44.4
    Defacto Relationship 695 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6376 78.7
    Indonesia 135 1.7
    Papua New Guinea 99 1.2
    United Kingdom 435 5.4
    Other 249 3.1
    Others 803 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 2.8
    Christianity 4730 61.8
    Hinduism 86 1.1
    Other Religious Groups 97 1.3
    No Religion 2458 32.1
    Others 73 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 277 9.6
    $800-$999 287 10.0
    $1,000-$1,249 329 11.4
    $1,500-$1,999 439 15.2
    $2,000-$2,499 310 10.8
    Others 1241 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2949 45.3
    Not in the labour force 1830 28.1
    Employed, worked part-time 1249 19.2
    Employed, away from work 273 4.2
    Unemployed, looking for work 211 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 676 15.1
    Technicians & trades workers 877 19.6
    Community & personal service workers 458 10.2
    Clerical & administrative workers 763 17.1
    Sales 459 10.3
    Others 1241 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 162 9.1
    Infants/Primary 644 36.1
    Secondary 438 24.5
    Technical or Further Educational Institution 235 13.2
    University or other Tertiary Institutions 233 13.0
    Others 74 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6216 78.0
    Semi-detached, row or terrace house, townhouse 1052 13.2
    Flat, unit or apartment 684 8.6
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1503 48.1
    Fully owned 836 26.8
    Rented 773 24.7
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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