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Bayswater, VIC 3153
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$940,000
market range $875K-$1M
Median Unit
$705,000
market range $675K-$750K
Gross Yield (houses)
3.5%
1yr Growth (houses)
+4.4%
market range -2.5% to +10.0%
Investment snapshot for Bayswater
Bayswater has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bayswater market and investor summary
Bayswater (VIC 3153) runs a median house price of $940K, with houses yielding a gross 3.5%. House prices have moved +4.4% over the past year and +9.8% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Bayswater: people, income and schools
About 12,262 people live in Bayswater, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and families account for 68% of households.
Households here earn a median of about $83,000 a year, or roughly $1,600 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 11.3 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.
There are 51 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 27 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 61 for walkability and 94 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 12,262
- +1% over 5yr
- Median age
- 38 years
- Median household income
- $83,000/yr
- Households renting
- 34%
- Family households
- 68%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 51
- avg ICSEA 994
- Unemployment
- 5.2%
- Distance to CBD
- 27 km
- Walk score
- 61/100
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
View all →Frequently asked questions about Bayswater
What should I check before investing in Bayswater?
Bayswater 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. Capital growth of +4.4% in the past year shows positive 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 Bayswater?
The median property price in Bayswater, VIC 3153 is $940K for houses and $705K for units.
What rental yield does Bayswater show?
The gross rental yield in Bayswater is 3.5% 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?
House prices in Bayswater are up 4.4% over the past year and up 9.8% 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?
The current vacancy rate in Bayswater is 1.1%. 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?
Bayswater has a population of approximately 12,262 residents, with a median age of 38.
What schools are near Bayswater?
There are 51 schools within roughly 5km of Bayswater. 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 Bayswater affordable to buy in?
A median house in Bayswater costs about 11.3 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's population growing?
The population of Bayswater 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 from the CBD?
Bayswater is about 27 km from the CBD.
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