Bayswater

Bayswater, VIC 3153 is a growing suburb with a diverse population. It has a mix of age groups, with a significant number of residents aged between 20 to 44 years. The median mortgage repayment and rent are reasonable, indicating affordability. The suburb offers various commuting options, with a notable percentage of residents opting to work from home. For Houses in Bayswater, the suburb shows promising signs for investors looking to renovate and sell properties, as indicated by the high saleprice IQR ratio and market absorption rate. For Units, the market absorption rate is exceptionally high, suggesting a strong demand for units in the area. Both property types have shown consistent growth in sale prices over the years. Bayswater, VIC 3153 is a vibrant suburb with a growing population and good infrastructure. Homeowners looking to settle in a diverse community with access to various amenities will find it appealing. Investors interested in renovating properties or capitalizing on the high demand for units should consider Bayswater for their portfolio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022