Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $660,000, Annual capital growth 8.98%, Number of sales 140, Weekly median advertised rent $380

Bayswater Unit: Median price $461,050, Annual capital growth 6.57%, Number of sales 93, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1321th in the list of Australian suburbs ordered by increase in median house value over the last year, Bayswater, 3153 is in the top 40% with a property value increase of 8.02% recorded in median house prices.

Bayswater,3153 has offered an average of 8.02% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Bayswater is giving property investors an average Vendor Discount of around -5.91%. This puts suburb at number 266th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $380 mark per week – giving a return of 2.99% based on the median price in Suburb

Property value increases in Bayswater have tracked just higher than the VIC average of 3.19% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Bayswater comes in at number 40th in VIC.

Bayswater3153 is located in VIC which offers an average discount of -5.14% to property investors. Bayswater itself is showing figures that indicate -2.41% is the average achievable by property buyers investing in the suburb.

At number 82 in a list of fastest selling suburbs, Bayswater is in the TOP 10% of suburbs in Australia with an average of days on market 39.66 for properties listed there.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

HOUSE UNIT
$660,000 $461,050
1.54% -1.90%
8.02% 5.99%
8.98% 6.57%
$380 $340
140 93
2.99% 3.83%
31.33 39.66

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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