bayswater north

3153, Victoria

Real Estate & Property Information

Median
Price Rank
304

bayswater north Suburb Profile & Review

Bayswater North is a peaceful suburb overlooking the Dandenong Ranges in Melbourne's outer east. From Bayswater Station, residents can catch a train into Flinders Street on the Belgrave line, while an extensive bus network whisks passengers to surrounding areas. Commuters can reach the city centre in forty minutes along EastLink.

Young families send their children to one of four primary schools, including the well-regarded Our Lady of Lourdes School. Bayswater Secondary College offers a range of VET and school-based apprenticeship programs in addition to its VCE training. Bayswater Park has two ovals for football and cricket, and its playground section, known as Train Park by locals, flaunts a full-sized steam engine that the kids can climb all over.

The recently completed Mountain High Shopping Plaza on Mountain Highway has a twenty-four hour gym, a Coles Supermarket, cafes, banks and other retail stores. Supermarkets like Aldi and Safeway can also be found scattered throughout the area. Locals are commonly employed by industrial manufacturers such as Siemens and Vulcan in Bayswater, and CSR, Kenworth and Dupont in Bayswater North.

bayswater north Demographic Data

$ 437,000 Median House Price

37 Minutes Average Commute

35 Median Age

8,424 Population

50.95 % Female

49.05 % Male

2268 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in bayswater north, Victoria.

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bayswater north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

bayswater north Median House Prices

  • 2008 $ 330,000
  • 2009 $ 350,000
  • 2010 $ 375,000
  • 2011 $ 444,725
  • 2012 $ 437,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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bayswater north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in bayswater north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term bayswater north property price predictions.

bayswater north Market Property Types

  • 69 % Seperate House
  • 19 % Semi Detached
  • 12 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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bayswater north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

bayswater north Income & Mortgage Stats

  • $ 1,208 Median Weekly Household Income
  • $ 1,670 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in bayswater north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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bayswater north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

bayswater north Sold Property Prices

bayswater north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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bayswater north Restaurants

  • Fasta Pasta593-605 Dorset Roadbayswater north VIC 315303 9761 4011

bayswater north Schools

  • Irabina Autistic School Early Intervention Centre193 Bayswater Rdbayswater north VIC 3153(03) 9720 1118Specialist School
  • Bayswater North Primary SchoolStuart Streetbayswater north VIC 3153(03) 9729 1744State Primary School

bayswater north Childcare

  • ABC Learning Centre316 Colchester Roadbayswater north VIC 3153
  • Lots of Cuddles CC & Kinder291 Canterbury Roadbayswater north VIC 3153

bayswater north Kindergarten and Preschools

  • Arrabri KindergartenAllambanan Drivebayswater north VIC 3153
  • Bayswater North Kindergarten17 Wonthulong Drivebayswater north VIC 3153

bayswater north Sporting Centres and Clubs

  • Bayswater North, Arrabribayswater north VIC 3153Netball Club
  • Battersham Parkbayswater north VIC 3153Tennis Club & Courts
  • Canterbury Gardensbayswater north VIC 3153Tennis Club & Courts

Find out How Much your House is Worth in bayswater north

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