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Bayles, VIC 3981

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$835,000

list-price estimate

Median Unit

$525,000

Gross Yield (houses)

2.3%

1yr Growth (houses)

+9.7%

market range -7.5% to +65.0%

Investment snapshot for Bayles

Bayles has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Bayles market and investor summary

In Bayles, VIC 3981, houses show a gross rental yield of 2.3%. House prices have moved +9.7% over the past year. At 4.7% vacancy, it is a softer rental market with more choice for tenants.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 117 days on market, so plan for a slower exit if you ever need one.

Living in Bayles: people, income and schools

About 445 people live in Bayles, and the area has been growing steadily, up about 33% over five years. At a median age of 42, it reads as skewed a little older, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $99,000 a year (about $1,900 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.

There is 1 school within about 5km, testing close to the national school average on ICSEA. Bayles sits about 67 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
445
+33% over 5yr
Median age
42 years
Median household income
$99,000/yr
Households renting
10%
Family households
86%
Socio-economic rank
4/10
ABS advantage index
Schools within 5km
1
avg ICSEA 970
Unemployment
3.4%
Distance to CBD
67 km

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Bayles

No properties currently listed in Bayles

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Frequently asked questions about Bayles

What should I check before investing in Bayles?

Bayles has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.7% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Bayles?

The median property price in Bayles, VIC 3981 is $525K for units.

What rental yield does Bayles show?

The gross rental yield in Bayles is 2.3% for houses and 3.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Bayles?

House prices in Bayles are up 9.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Bayles?

The current vacancy rate in Bayles is 4.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Bayles?

Bayles has a population of approximately 445 residents, with a median age of 42.

What schools are near Bayles?

There are 1 school within roughly 5km of Bayles. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Bayles's population growing?

The population of Bayles has grown about 33% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Bayles from the CBD?

Bayles is about 67 km from the CBD.

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