Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $642,700, Annual capital growth 8.90%, Number of sales 157, Weekly median advertised rent $380

Bayswater Unit: Median price $477,250, Annual capital growth 7.36%, Number of sales 89, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Bayswater, 3153 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.81%.

Across a shorter period, Bayswater, 3153 has seen a median price increase of 0.60% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Bayswater itself are offering an average vendor discount of -5.52% to real estate investors.

Often selling an investment property can take time, and in Bayswater the average time real estate has been on the market is 31.18 days.

Investment property in Bayswater has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.64%

When looking at the potential capital gains offered to property investors over the last 3 years, Bayswater comes in at number 35th in VIC.

Bayswater, 3153 is offering VIC ‘s 20th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

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

HOUSE UNIT
$642,700 $477,250
0.60% 1.54%
10.81% 11.64%
8.90% 7.36%
$380 $340
157 89
3.07% 3.70%
31.18 44.89

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Bayswater VIC
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