Bayswater North vs Warrak
Property investment comparison - Bayswater North, VIC 3153 vs Warrak, VIC 3377
Head-to-head across core investment metrics: Bayswater North wins 2, Warrak wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Bayswater North | Warrak |
|---|---|---|
| Median house price | $925K | $925K |
| Median unit price | $665K | $325K |
| Gross rental yield (houses) | 3.39% | 2.67% |
| Gross rental yield (units) | 4.32% | 7.05% |
| 1-year house growth | +1.3% | - |
| 3-year house growth | +9.7% | - |
| Vacancy rate | 0.6% | 1.7% |
| Population | 9,014 | 68 |
Bayswater North vs Warrak: what the numbers say
Houses cost about the same in both suburbs: the median house price is $925K in Bayswater North and $925K in Warrak.
For units, Bayswater North sits at a median of $665K against $325K in Warrak, which makes Warrak 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 2.67% in Warrak, a gap of 0.72 percentage points.
Rental vacancy is 0.6% in Bayswater North and 1.7% in Warrak, 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 68, roughly 133 times the size of Warrak; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bayswater North for rental income, Bayswater North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Bayswater North, VIC 3153
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