Bayswater North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.49% to date .
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.
Bayswater North3153 is located in VIC which offers an average discount of -6.04% to property investors. Bayswater North itself is showing figures that indicate -4.18% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $380 mark per week – giving a return of 3.18% based on the median price in Suburb
Giving property investors a an average capital gain of 4.37% for the last year, Bayswater North, 3153 is the 739th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Bayswater North,3153 has racked up an average of 4.37% over the period. This ranks it number 384th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Bayswater North is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 223th in terms of most discounted suburbs in VIC
In the last year 71 properties changed hands in Bayswater North, which puts it as the 125th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.