Property investors who have had real estate in Bayswater, 3153 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.83%
The five-year average increase in median property values for Bayswater,3153 has given property investors a potential capital gain of 65.49% across each of those five years.
Property investors looking for a bargain in Bayswater should be aiming for at least -4.98% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
With the median price for a house in Bayswater being $761250 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 2.80%
With a capital gain of 13.65% for the last 12 months, Bayswater, 3153 has performed for property investments than its average annual 6.25% property growth over the last 5 years.
The five-year average increase in median property values for Bayswater,3153 has given property investors a potential capital gain of 51.95% across each of those five years.
Bayswater3153 is located in VIC which offers an average discount of -5.51% to property investors. Bayswater itself is showing figures that indicate -3.17% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.25%, investors should hope to achieve an overall return of 3.53%