Property investors who have had real estate in Bayswater, 3153 should be relatively 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 14.02%
Bayswater,3153 has offered an average of 14.02% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Bayswater are currently offering property investors an average price cut of -2.96% below the asking price at the moment.
Residents and property investors in Bayswater have been waiting around 29.29 days to sell a property.
With the median price for a house in Bayswater being $741100 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 2.67%
Bayswater is an average performer in VIC when comparing median price capital growth over the last year. Bayswater gave property investors a average capital gain figure when compared to the rest of the state, with 3.64%.
Comparing Bayswater,3153 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Bayswater itself are offering an average vendor discount of -3.03% to real estate investors.
With the median price for a house in Bayswater being $475000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.83%