Suburb Profile Report for Bayswater VIC (3153)

Bayswater House: Median price $700,000, Annual capital growth 7.52%, Number of sales 121, Weekly median advertised rent $410

Bayswater Unit: Median price $542,600, Annual capital growth 5.63%, Number of sales 77, Weekly median advertised rent $390

  • 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.

  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.79% which means that Bayswater, 3153 has not done well for property investors by showing a capital gain of -11.00% over the last year

Taking the average capital gain, or increase in median house value, Bayswater,3153 has racked up an average of -11.00% over the period. This ranks it number 1804th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Bayswater is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 157th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $21320 per annum or $410 every week.

Property value increases in Bayswater have tracked just lower than the VIC average of 0.68% over the last 12 months.

If we look at median property appreciation over just the last three months, Bayswater has given property investors a paper return of 3.35%. This puts Suburb as 95 on a list of fastest fasting appreciating suburbs in VIC

Bayswater, 3153 is offering VIC ‘s 74th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Often selling an investment property can take time, and in Bayswater the average time real estate has been on the market is 44.8444 days.

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

Metrics i HOUSE UNIT
$700,000 $542,600
-2.10% 3.35%
-11.00% -3.11%
7.52% 5.63%
$410 $390
121 77
3.05% 3.74%
65.3098591549296 44.8444444444444

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 : Above average (H), Very 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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