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%