Bayswater North

Bayswater North, VIC 3153 is a growing suburb with a population of approximately 9,000 residents. The area has a diverse age range, with a significant number of residents aged between 20 to 44 years. The suburb offers various commuting options, with a notable portion of residents working from home. The suburb's educational advantage is moderate, with an ICSEA percentile of 49.0 for government schools. The median household income is relatively high, and there is a mix of occupations present, with managers, professionals, and technicians/tradeworkers being the top three occupations. For house investors, Bayswater North presents an opportunity for potential renovation projects, indicated by the high sale price IQR ratio. The suburb has shown consistent growth in median prices over the years, providing a favourable outlook for capital appreciation. The market absorption rate suggests a high demand for houses, potentially leading to price increases. Unit investors might find steady rental returns with a moderate yield and low vacancy rate, indicating a stable rental market. Bayswater North, VIC 3153 is a suburb suitable for both homeowners and investors. Home to a growing population with a diverse age range and varied commuting options, the suburb offers a comfortable lifestyle. With a mix of occupations and a moderate educational advantage, Bayswater North provides a stable socio-economic environment. Investors can consider the suburb for its potential in both the housing and unit markets, with opportunities for renovation projects in houses and steady rental returns in units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022