Bayswater North vs Tecoma

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

For units, Bayswater North sits at a median of $665K against $755K in Tecoma, which makes Bayswater North the more affordable unit market and Tecoma the pricier one.

On cash flow, Bayswater North leads: houses there return a gross rental yield of 3.39%, compared with 2.77% in Tecoma, a gap of 0.62 percentage points.

Over the past year house prices moved +1.3% in Bayswater North and +5.2% in Tecoma, so recent momentum favours Tecoma, although both suburbs recorded growth.

Looking back three years, Bayswater North houses are +9.7% and Tecoma houses +7.4%, so Bayswater North has compounded faster than Tecoma over the longer window.

Rental vacancy is 0.6% in Bayswater North and 0.9% in Tecoma, 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 2,064, roughly 4.4 times the size of Tecoma; a larger suburb usually means a deeper pool of buyers and tenants.

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