Over the last year, property investments in Bayswater, 3153 have given investors a capital gain of 13.32%. This compares favourably with the 10.43% for VIC as a whole.
A 70.37% growth in median value for property investors in Bayswater,3153 puts this suburb at number 339th in terms of best performing suburbs in VIC
Vendor discounting in Bayswater is giving property investors an average Vendor Discount of around -2.52%. This puts suburb at number 569th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 13.08 sales per month, which equates to 157 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 9.75%, investors should hope to achieve an overall return of 2.73%
Giving property investors a an average capital gain of 4.80% for the last year, Bayswater, 3153 is the 773th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bayswater has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bayswater should be aiming for at least -3.27% off the asking price, which is the average vendor discount being achieved at the moment.