bayswater

3153, Victoria

Real Estate & Property Information

Median
Price Rank
296

bayswater Suburb Profile & Review

Bayswater 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, as well as CSR, Kenworth and Dupont in Bayswater North.

bayswater Demographic Data

$ 441,000 Median House Price

35 Minutes Average Commute

38 Median Age

11,240 Population

50.18 % Female

49.82 % Male

3135 NO OF FAMILIES

1.7 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, Victoria.

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bayswater 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 Median House Prices

  • 2008 $ 330,000
  • 2009 $ 350,000
  • 2010 $ 370,000
  • 2011 $ 450,000
  • 2012 $ 441,000

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 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 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 property price predictions.

bayswater Market Property Types

  • 74 % Seperate House
  • 16 % Semi Detached
  • 11 % 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 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 Income & Mortgage Stats

  • $ 1,161 Median Weekly Household Income
  • $ 1,600 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

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 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 Sold Property Prices

bayswater 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 Restaurants

  • The Pie Shed295 Canterbury Road bayswater VIC 315303 9720 7711
  • Thai Tables Thai Restaurant737 Mountain Hwy bayswater VIC 315303 9729 0377
  • Simply Irresistible Pizza Pasta & RibsShop 19, 7/13 High Street bayswater VIC 315303 9729 4992

bayswater Cafes

  • Havva-Cuppa4/54 Malvern Streetbayswater VIC 31531800 302 050
  • Oporto506 Cnr Mountain Highway and Stud Roadbayswater VIC 315303 9729 6199
  • Let's Go Cafe59 Malvern Streetbayswater VIC 315303 9720 1304

bayswater Schools

  • Our Lady of Lourdes Primary School23 Orange Grovebayswater VIC 3153(03) 9729 3411Catholic Primary School
  • Bayswater Primary SchoolBirch Streetbayswater VIC 3153(03) 9721 3755State Primary School
  • Bayswater South Primary SchoolEnfield Drivebayswater VIC 3153(03) 9729 2862State Primary School

bayswater Childcare

  • Bayswater Early Learning Centre632 Mountain Hwybayswater VIC 3153
  • Coorie Avenue Childrens Centre4 Coorie Avenuebayswater VIC 3153
  • Our Lady of Lourdes Early Childhood Ctr27 Orange Grovebayswater VIC 3153

bayswater Kindergarten and Preschools

  • Blue Hills PreschoolPhyllis Streetbayswater VIC 3153
  • Koolyangarra KindergartenChurch Streetbayswater VIC 3153

bayswater Sporting Centres and Clubs

  • Bayswaterbayswater VIC 3153Bowling Club
  • Bayswater Church Christbayswater VIC 3153Tennis Club & Courts
  • Mitcham Baptist T. Clubbayswater VIC 3153Tennis Club & Courts

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