Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $685,000, Annual capital growth 9.37%, Number of sales 152, Weekly median advertised rent $380

Bayswater Unit: Median price $464,500, Annual capital growth 6.66%, Number of sales 86, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Bayswater, 3153 ranked 302th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bayswater is one of 2098 in our list for VIC

A 55.33% growth in median value for property investors in Bayswater,3153 puts this suburb at number 192th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -5.38% to buyers in Bayswater at the moment, which is less than average for the rest of VIC.

Bayswater is 432th on a list of best yielding suburbs for rents in VIC with a 2.88% return

Property value increases in Bayswater have tracked close to the VIC average of 2.98% over the last 12 months.

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.

LACK OF BUYER INTEREST may well be the reason that Bayswater is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 301th in terms of most discounted suburbs in VIC

Bayswater is 223th on a list of best yielding suburbs for rents in VIC with a 3.92% return

HOUSE UNIT
$685,000 $464,500
3.79% -0.54%
9.79% 4.38%
9.37% 6.66%
$380 $350
152 86
2.88% 3.92%
35.27 32.52

Source: CoreLogic

DSR Score for property investment : Good (H), 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
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Recent sales & rentals