Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $741,000, Annual capital growth 7.65%, Number of sales 124, Weekly median advertised rent $420

Bayswater Unit: Median price $585,000, Annual capital growth 5.83%, Number of sales 116, Weekly median advertised rent $390

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Bayswater is an average performer in VIC when comparing median price capital growth over the last year. Bayswater gave property investors a average capital gain figure when compared to the rest of the state, with 1.51%.

Over the longer term, Bayswater has seen property prices show investors a 5.86% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Bayswater 3153 should be seeing an average reduction in asking price of around -7.86% . This means that Bayswater is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $420 mark per week – giving a return of 2.95% based on the median price in Suburb

With a capital gain of 11.22% for the last 12 months, Bayswater, 3153 has performed for property investments than its average annual 5.83% property growth over the last 5 years.

While Bayswater,3153 ranked number 199th in VIC for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

Bayswater, 3153 is offering VIC ‘s 199th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Residents and property investors in Bayswater have been waiting around 48.375 days to sell a property.

The VIC suburb of Bayswater, 3153 is in the Knox (C) local government area.

Metrics i HOUSE UNIT
$741,000 $585,000
5.48% 0.78%
1.51% 11.22%
7.65% 5.83%
$420 $390
124 116
2.95% 3.47%
61.5151515151515 48.375

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11240
Median household income ($/weekly) 1161
Median age of persons 38
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1183 10.5
    25-34 years 1857 16.5
    35-44 years 1634 14.5
    45-54 years 1380 12.3
    55-64 years 1326 11.8
    Others 3861 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 4094 47.7
    Not Married 3660 42.6
    Defacto Relationship 831 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7539 70.0
    Croatia 259 2.4
    Indonesia 284 2.6
    United Kingdom 574 5.3
    Other 523 4.9
    Others 1585 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 351 3.4
    Christianity 6345 62.0
    Hinduism 216 2.1
    Other Religious Groups 134 1.3
    No Religion 3060 29.9
    Others 120 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 402 10.3
    $600-$799 390 10.0
    $800-$999 373 9.5
    $1,000-$1,249 406 10.4
    $1,500-$1,999 571 14.6
    Others 1769 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3662 41.0
    Not in the labour force 3036 34.0
    Employed, worked part-time 1628 18.2
    Unemployed, looking for work 318 3.6
    Employed, away from work 295 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 939 16.8
    Technicians & trades workers 1046 18.7
    Community & personal service workers 559 10.0
    Clerical & administrative workers 872 15.6
    Labourers 606 10.9
    Others 1559 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 142 6.2
    Infants/Primary 753 33.1
    Secondary 613 26.9
    Technical or Further Educational Institution 279 12.2
    University or other Tertiary Institutions 367 16.1
    Others 124 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8471 79.9
    Semi-detached, row or terrace house, townhouse 1296 12.2
    Flat, unit or apartment 823 7.8
    Caravan, cabin, houseboat 8 0.1
    House or flat attached to a shop, office 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1653 39.2
    Fully owned 1332 31.6
    Rented 1197 28.4
    Other tenure type 36 0.9
    Tenure Type
Census 2011, ABS
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