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Bayswater North, VIC 3153
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$925,000
market range $900K-$975K
Median Unit
$665,000
market range $650K-$725K
Gross Yield (houses)
3.4%
1yr Growth (houses)
+1.3%
market range -5.0% to +7.5%
Investment snapshot for Bayswater North
Bayswater North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bayswater North market and investor summary
In Bayswater North, VIC 3153, the median house sells for around $925K, on a gross rental yield of 3.4% for houses. House prices have moved +1.3% over the past year and +9.7% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking.
Living in Bayswater North: people, income and schools
Bayswater North is home to around 9,014 people, a number that has held fairly steady over five years. At a median age of 38, it reads as broadly working-age, and 75% 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 $87,000 a year (about $1,680 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 48 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Bayswater North sits about 28 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 9,014
- +1% over 5yr
- Median age
- 38 years
- Median household income
- $87,000/yr
- Households renting
- 25%
- Family households
- 45%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 48
- avg ICSEA 1032
- Unemployment
- 5.2%
- Distance to CBD
- 28 km
- Walk score
- 48/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bayswater North
View all →Frequently asked questions about Bayswater North
What should I check before investing in Bayswater North?
Bayswater North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Tight rental market (0.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bayswater North?
The median property price in Bayswater North, VIC 3153 is $925K for houses and $665K for units.
What rental yield does Bayswater North show?
The gross rental yield in Bayswater North is 3.4% for houses and 4.3% 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 Bayswater North?
House prices in Bayswater North are up 1.3% over the past year and up 9.7% over three years. 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 Bayswater North?
The current vacancy rate in Bayswater North is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bayswater North?
Bayswater North has a population of approximately 9,014 residents, with a median age of 38.
What schools are near Bayswater North?
There are 48 schools within roughly 5km of Bayswater North. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bayswater North affordable to buy in?
A median house in Bayswater North costs about 10.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bayswater North's population growing?
The population of Bayswater North has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Bayswater North from the CBD?
Bayswater North is about 28 km from the CBD.
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