Suburb Profile Report for Bayswater North VIC (3153)

Bayswater North House: Median price $662,500, Annual capital growth 6.92%, Number of sales 96, Weekly median advertised rent $410

Bayswater North Unit: Median price $485,000, Annual capital growth 5.87%, Number of sales 57, Weekly median advertised rent $360

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property investors who have had real estate in Bayswater North, 3153 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.85%

Bayswater North,3153 was ranked 2569 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -7.09% to buyers in Bayswater North at the moment, which is less than average for the rest of VIC.

Residents and property investors in Bayswater North have been waiting around 42.7727 days to sell a property.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.92%, investors should hope to achieve an overall return of 3.22%

At number 1032th in the list of Australian suburbs ordered by increase in median house value over the last year, Bayswater North, 3153 is in the BOTTOM 40% with a property value increase of -6.38% recorded in median house prices.

Bayswater North,3153 has offered an average of -6.38% return per annum in house price rises to property investors over the last three years.

At number 63th of VIC’s most discounted properties, Bayswater North is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Bayswater North have been waiting around 53.2353 days to sell a property.

Advertised rents are around the $360 mark per week – giving a return of 3.86% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
June 2015

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Perhaps more known for its commercial and industrial hub, Bayswater North is also home to a thriving residential market.

Its proximity to a wide range of businesses and shopping centres is making this suburb an ever more popular choice for Melbourne’s eastern residents.

While so close to an active business, Bayswater North is surprisingly peaceful.

Popular with young families, there are five schooling options for the kids and a range of parks, reserves and sporting clubs at hand. 

Although Bayswater North is 28km from the CBD, transport is excellent with regular bus services, a train station and the Eastlink just down the road.

A trip to the city will take commuters 40 minutes by car.

With a vacancy rate of just 0.75% and stock falling by -15.2% Bayswater North is clearly in high demand.

Four-bedroom homes perfect for families can be found on Greenhill Road and Colchester Road for under $330,000.
Metrics i HOUSE UNIT
$662,500 $485,000
-1.12% -3.00%
-8.85% -6.38%
6.92% 5.87%
$410 $360
96 57
3.22% 3.86%
42.7727272727273 53.2352941176471

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 8424
Median household income ($/weekly) 1208
Median age of persons 35
Median housing loan repayment ($/monthly) 1670
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 984 11.7
    25-34 years 1499 17.8
    35-44 years 1234 14.6
    45-54 years 1121 13.3
    55-64 years 952 11.3
    Others 2635 31.3
    Age Group
    Census Count Percent(%)
    Not Married 2810 44.6
    Registered Married 2795 44.4
    Defacto Relationship 695 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6376 78.7
    Indonesia 135 1.7
    Papua New Guinea 99 1.2
    United Kingdom 435 5.4
    Other 249 3.1
    Others 803 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 2.8
    Christianity 4730 61.8
    Hinduism 86 1.1
    Other Religious Groups 97 1.3
    No Religion 2458 32.1
    Others 73 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 277 9.6
    $800-$999 287 10.0
    $1,000-$1,249 329 11.4
    $1,500-$1,999 439 15.2
    $2,000-$2,499 310 10.8
    Others 1241 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2949 45.3
    Not in the labour force 1830 28.1
    Employed, worked part-time 1249 19.2
    Employed, away from work 273 4.2
    Unemployed, looking for work 211 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 676 15.1
    Technicians & trades workers 877 19.6
    Community & personal service workers 458 10.2
    Clerical & administrative workers 763 17.1
    Sales 459 10.3
    Others 1241 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 162 9.1
    Infants/Primary 644 36.1
    Secondary 438 24.5
    Technical or Further Educational Institution 235 13.2
    University or other Tertiary Institutions 233 13.0
    Others 74 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6216 78.0
    Semi-detached, row or terrace house, townhouse 1052 13.2
    Flat, unit or apartment 684 8.6
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1503 48.1
    Fully owned 836 26.8
    Rented 773 24.7
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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