Bayswater is a well-established suburb in Victoria within the Knox local government area (postcode 3153). With a population of 12,262, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Bayswater is $862,000, having dipped slightly 0.9% over the past year. Units have a median price of $680,000 (+6.4% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,820.
Bayswater is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 4 rail stations, 59 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Bayswater offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($862K/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved -0.9% year-on-year.
Bayswater is a well-established suburb in Victoria within the Knox local government area (postcode 3153). With a population of 12,262, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Bayswater is $862,000, having dipped slightly 0.9% over the past year. Units have a median price of $680,000 (+6.4% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,820.
Bayswater is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 4 rail stations, 59 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Bayswater offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($862K/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved -0.9% year-on-year.