Suburb Profile Report for Bayswater WA (6053)

Bayswater House: Median price $616,000, Annual capital growth 1.57%, Number of sales 285, Weekly median advertised rent $450

Bayswater Unit: Median price $320,000, Annual capital growth 2.69%, Number of sales 35, Weekly median advertised rent $345

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Bayswater has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.23%

If we look at median property appreciation over just the last three months, Bayswater has given property investors a paper return of 2.67%. This puts Suburb as 261 on a list of fastest fasting appreciating suburbs in WA

At number 332th of WA’s most discounted properties, Bayswater is in the TOP 30% of the state/territory when listing in order of most discounted to least.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.80%, without taking into account capital value appreciation, which has been averaging out at 1.57%.

Bayswater has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 28.00% to date .

While Bayswater,6053 ranked number 102th in WA for increase in median house value (annualised) increase, it is ranked 37th over the last 5 years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.09% offered to property buyers. Sellers in Bayswater itself are offering an average vendor discount of -4.30% to real estate investors.

Often selling an investment property can take time, and in Bayswater the average time real estate has been on the market is 50.0435 days.

Renters in Suburb are facing rents around $17940 per annum or $345 every week.

Metrics i HOUSE UNIT
$616,000 $320,000
2.67% 0.00%
16.23% 28.00%
1.57% 2.69%
$450 $345
285 35
3.80% 5.61%
34.8168316831683 50.0434782608696

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. 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 13525
Median household income ($/weekly) 1414
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1367 10.1
    25-34 years 2255 16.7
    35-44 years 2220 16.4
    45-54 years 1890 14.0
    55-64 years 1437 10.6
    Others 4357 32.2
    Age Group
    Census Count Percent(%)
    Not Married 4385 43.9
    Registered Married 4297 43.0
    Defacto Relationship 1305 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8446 66.6
    Indonesia 365 2.9
    Papua New Guinea 387 3.1
    United Kingdom 1161 9.2
    Other 617 4.9
    Others 1704 13.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 324 2.7
    Christianity 7357 60.7
    Hinduism 237 2.0
    Islam 204 1.7
    No Religion 3873 31.9
    Others 133 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 376 7.8
    $400-$599 475 9.9
    $1,500-$1,999 586 12.2
    $2,000-$2,499 437 9.1
    $2,500-$2,999 543 11.3
    Others 2376 49.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4648 44.1
    Not in the labour force 3120 29.6
    Employed, worked part-time 2053 19.5
    Employed, away from work 435 4.1
    Unemployed, looking for work 293 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 853 11.9
    Professionals 1874 26.3
    Technicians & trades workers 1085 15.2
    Community & personal service workers 680 9.5
    Clerical & administrative workers 1071 15.0
    Others 1576 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 196 7.1
    Infants/Primary 927 33.8
    Secondary 569 20.7
    Technical or Further Educational Institution 315 11.5
    University or other Tertiary Institutions 633 23.1
    Others 106 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10305 83.3
    Semi-detached, row or terrace house, townhouse 1634 13.2
    Flat, unit or apartment 430 3.5
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2128 40.6
    Rented 1561 29.8
    Fully owned 1472 28.1
    Other tenure type 85 1.6
    Tenure Type
Census 2011, ABS
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