At number 3861th in the list of Australian suburbs ordered by increase in median house value over the last year, Bayswater, 6053 is in the BOTTOM 10% with a property value increase of -10.02% recorded in median house prices.
While Bayswater,6053 ranked number 306th in WA for increase in median house value (annualised) increase, it is ranked 117th over the last 5 years.
Vendor discounting in Bayswater is giving property investors an average Vendor Discount of around -7.31%. This puts suburb at number 234th in WA when ranking the most discounted suburbs.
In the last year 236 properties changed hands in Bayswater, which puts it as the 10th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Bayswater being $575000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.57%
Property investors who have had real estate in Bayswater, 6053 should be pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.86%
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.10% offered to property buyers. Sellers in Bayswater itself are offering an average vendor discount of -8.48% to real estate investors.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 3.99%