Bayswater North vs Myrrhee

The median house price is $925K in Bayswater North and $920K in Myrrhee, so Myrrhee is the cheaper entry point, with Bayswater North houses about 1% dearer.

For units, Bayswater North sits at a median of $665K against $170K in Myrrhee, which makes Myrrhee the more affordable unit market and Bayswater North the pricier one.

On cash flow, Bayswater North leads: houses there return a gross rental yield of 3.39%, compared with 2.91% in Myrrhee, a gap of 0.48 percentage points.

Rental vacancy is 0.6% in Bayswater North and 3.0% in Myrrhee, so landlords in Bayswater North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bayswater North is the bigger suburb, with a population of 9,014 against 168, roughly 54 times the size of Myrrhee; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Bayswater North for rental income, Myrrhee for a lower purchase price, Bayswater North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.