Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $700,000, Annual capital growth 9.54%, Number of sales 143, Weekly median advertised rent $380

Bayswater Unit: Median price $462,000, Annual capital growth 6.53%, Number of sales 107, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 12.20% for the last year, Bayswater, 3153 is the 856th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Bayswater has given property investors a paper return of 4.87%. This puts Suburb as 105 on a list of fastest fasting appreciating suburbs in VIC

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, 3153. Typically our figures indicate that -2.89% is being offered, which puts this VIC suburb at 3594th most discounted overall in Australia.

On average over the past year, suburb has had 11.92 sales per month, which equates to 143 per year.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 9.54%.

Property investors who have had real estate in Bayswater, 3153 should be ok 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 2.10%

Over the longer term, Bayswater has seen property prices show investors a 28.33% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Bayswater are currently offering property investors an average price cut of -4.10% below the asking price at the moment.

Residents and property investors in Bayswater have been waiting around 46.83 days to sell a property.

Bayswater, 3153’s gross rental yield is 3.94%

Metrics i HOUSE UNIT
$700,000 $462,000
4.87% 2.67%
12.20% 2.10%
9.54% 6.53%
$380 $350
143 107
2.82% 3.94%
33.68 46.83

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 11240
Median household income ($/weekly) 1161
Median age of persons 38
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1183 10.5
    25-34 years 1857 16.5
    35-44 years 1634 14.5
    45-54 years 1380 12.3
    55-64 years 1326 11.8
    Others 3861 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 4094 47.7
    Not Married 3660 42.6
    Defacto Relationship 831 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7539 70.0
    Croatia 259 2.4
    Indonesia 284 2.6
    United Kingdom 574 5.3
    Other 523 4.9
    Others 1585 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 351 3.4
    Christianity 6345 62.0
    Hinduism 216 2.1
    Other Religious Groups 134 1.3
    No Religion 3060 29.9
    Others 120 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 402 10.3
    $600-$799 390 10.0
    $800-$999 373 9.5
    $1,000-$1,249 406 10.4
    $1,500-$1,999 571 14.6
    Others 1769 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3662 41.0
    Not in the labour force 3036 34.0
    Employed, worked part-time 1628 18.2
    Unemployed, looking for work 318 3.6
    Employed, away from work 295 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 939 16.8
    Technicians & trades workers 1046 18.7
    Community & personal service workers 559 10.0
    Clerical & administrative workers 872 15.6
    Labourers 606 10.9
    Others 1559 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 142 6.2
    Infants/Primary 753 33.1
    Secondary 613 26.9
    Technical or Further Educational Institution 279 12.2
    University or other Tertiary Institutions 367 16.1
    Others 124 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8471 79.9
    Semi-detached, row or terrace house, townhouse 1296 12.2
    Flat, unit or apartment 823 7.8
    Caravan, cabin, houseboat 8 0.1
    House or flat attached to a shop, office 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1653 39.2
    Fully owned 1332 31.6
    Rented 1197 28.4
    Other tenure type 36 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals