Bayswater and Bayswater North Suburb Profile

Near the foothills of the Dandenongs, Bayswater and Bayswater North are surrounded by Wantirna and Heathmont to the west, Boronia to the south, Croydon South to the north and Kilsyth South to the east.

The Bayswater train station is the second last stop of the Boronia line.

Driving from the city to Bayswater should take about 35 minutes. At peak times however, and depending on traffic in the inner-city suburbs, it could take close to an hour to drive to the suburb. Mountain Highway is the biggest thoroughfare to run through the suburb.

According to the REIV, Bayswater’s median house price as at September 2007 is $336,000, up from $288,000 in September 2006.

The median house price in Bayswater North as at September 2007 is also $336,000, up from $277,000 in September 2006. It is important to note however that because less than 30 sales were recorded for the September 2007 quarter, these figures are considered statistically unreliable.

According to Australian Property Monitors, Melbourne’s median weekly asking rent for houses is $340 as at December 2007. This is an increase from $330 per week in the September quarter.

Average median weekly asking rents for units are $300 per week in the December 2007 quarter, up $10 since the September quarter.

Gross rental yields for houses in Melbourne are now 4.12 per cent, a drop from 4.23 per cent in the September 2007 quarter. Gross rental yields for apartments in the December 2007 quarter were 4.8 per cent, compared to 4.9 per cent in the September 2007 quarter.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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