Get a property report and suburb profile for any property in Bayswater

Bayswater has a settled, suburban feel with a foothill outlook toward the Dandenong Ranges. The suburb centres on a traditional shopping strip and a train station on the Belgrave line, where cafes, supermarkets and small retailers meet daily needs. Streets mix mid-century brick houses and weatherboard cottages with newer townhouses, and parks and local reserves provide a leafy backdrop for walking and weekend recreation.

Home to 12,262 people with a median age of 38, Bayswater is weighted toward couple households and families. About two-thirds of homes are owner-occupied while roughly a third are rented. Recent transport upgrades delivered a new station with more than 350 car spaces, a bus interchange and improved walking and cycling links, and council renewal work has expanded the library and is planning activity-centre and park improvements. That combination tends to suit families and commuters who value direct rail links and easy car access; whether Bayswater is right for you depends on what you’re after in a suburb.

Compared with what a typical household in Bayswater earned at the most recent Census, both buying and renting take a large slice of local income. The median house price of $830,000 is about 10.0 times a typical local annual household income at the last Census, and the median unit price of $672,000 is about 8.1 times. On the rental side, a house rent of $635 a week is roughly 39.8% of a typical local household's weekly income at the last Census, while units at $550 a week are about 34.4%. On these figures, buying sits well above local incomes and rents would take a sizeable share of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Bayswater, house values rose 7.2% while house rents increased 5.8%. House prices posted a solid rise and grew slightly faster than the rents those houses earned. Unit values edged down 0.4% while unit rents climbed 10.0%, a strong rise, so the rent a unit earns was the standout mover this year.

For someone weighing Bayswater as an investment, the value figures relate to capital growth and the rent figures relate to rental income. Over the year houses showed the stronger capital growth, whereas unit rents provided the largest income increase; whether that balance suits your goals and circumstances is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.