Bayswater vs Junortoun

The median house price is $940K in Bayswater and $950K in Junortoun, so Bayswater is the cheaper entry point, with Junortoun houses about 1% dearer.

For units, Bayswater sits at a median of $705K against $470K in Junortoun, which makes Junortoun the more affordable unit market and Bayswater the pricier one.

Gross rental yield on houses is effectively level, at 3.54% in Bayswater and 3.50% in Junortoun, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +4.4% in Bayswater and +1.6% in Junortoun, so recent momentum favours Bayswater, although both suburbs recorded growth.

Looking back three years, Bayswater houses are +9.8% and Junortoun houses +3.2%, so Bayswater has compounded faster than Junortoun over the longer window.

Rental vacancy is 1.1% in Bayswater and 1.6% in Junortoun, so landlords in Bayswater face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bayswater is the bigger suburb, with a population of 12,262 against 3,862, roughly 3.2 times the size of Junortoun; a larger suburb usually means a deeper pool of buyers and tenants.

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