Suburb Profile Report for Bayswater WA (6053)

Bayswater House: Median price $565,000, Annual capital growth 2.22%, Number of sales 207, Weekly median advertised rent $388

Bayswater Unit: Median price $270,000, Annual capital growth 0.99%, Number of sales 33, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bayswater has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.38%

When looking at the potential capital gains offered to property investors over the last 3 years, Bayswater comes in at number 184th in WA.

Vendor discounting in Bayswater is giving property investors an average Vendor Discount of around -6.19%. This puts suburb at number 336th in WA when ranking the most discounted suburbs.

A $387.5 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 2.22%.

Property investors who have had real estate in Bayswater, 6053 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -16.41%

A 5.06% growth in median value for property investors in Bayswater,6053 puts this suburb at number 70th in terms of best performing suburbs in WA

The most recent median price for Bayswater is $270000, with sellers offering an average of -12.83% off the asking price.

At number 1425 in a list of fastest selling suburbs, Bayswater is in the bottom 10% of suburbs in Australia with an average of days on market 144.6 for properties listed there.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 0.99%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$565,000 $270,000
-4.24% -2.53%
-7.38% -16.41%
2.22% 0.99%
$388 $270
207 33
3.57% 5.20%
65.63 144.6

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 13525
Median household income ($/weekly) 1414
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1367 10.1
    25-34 years 2255 16.7
    35-44 years 2220 16.4
    45-54 years 1890 14.0
    55-64 years 1437 10.6
    Others 4357 32.2
    Age Group
    Census Count Percent(%)
    Not Married 4385 43.9
    Registered Married 4297 43.0
    Defacto Relationship 1305 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8446 66.6
    Indonesia 365 2.9
    Papua New Guinea 387 3.1
    United Kingdom 1161 9.2
    Other 617 4.9
    Others 1704 13.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 324 2.7
    Christianity 7357 60.7
    Hinduism 237 2.0
    Islam 204 1.7
    No Religion 3873 31.9
    Others 133 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 376 7.8
    $400-$599 475 9.9
    $1,500-$1,999 586 12.2
    $2,000-$2,499 437 9.1
    $2,500-$2,999 543 11.3
    Others 2376 49.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4648 44.1
    Not in the labour force 3120 29.6
    Employed, worked part-time 2053 19.5
    Employed, away from work 435 4.1
    Unemployed, looking for work 293 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 853 11.9
    Professionals 1874 26.3
    Technicians & trades workers 1085 15.2
    Community & personal service workers 680 9.5
    Clerical & administrative workers 1071 15.0
    Others 1576 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 196 7.1
    Infants/Primary 927 33.8
    Secondary 569 20.7
    Technical or Further Educational Institution 315 11.5
    University or other Tertiary Institutions 633 23.1
    Others 106 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10305 83.3
    Semi-detached, row or terrace house, townhouse 1634 13.2
    Flat, unit or apartment 430 3.5
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2128 40.6
    Rented 1561 29.8
    Fully owned 1472 28.1
    Other tenure type 85 1.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals