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Bayside City, VIC

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The City of Bayside is a local government area located in Melbourne’s southern suburbs. The property market in the LGA is very affluent, with properties ranging from apartments and townhouses to large family homes. The demand for property in Bayside City is high, and prices are typically quite expensive.

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The LGA’s economy is based on a mix of manufacturing, service industries and retail. The city is also a regional center for healthcare and education.

Professionals (33.7 %), Managers (22.4 %), Clerical and Administrative Workers (12.8 %), Sales Workers (9.6 %), and Community and Personal Service Workers (8.6 percent) are the most prevalent professions in Bayside. In Bayside, the typical weekly personal income for residents aged 15 years and older is $897.

The most popular property types in Bayside City are apartments and townhouses. These properties are typically smaller and more affordable than larger family homes, and they offer a convenient and urban lifestyle. Family homes are also popular in the area, and these properties can be quite expensive.

In Bayside, 63.0 % of occupied private homes are detached houses, 23.8 percent are semi-detached, row or terrace houses, townhouses, or other dwellings, 12.2 % are flats or apartments, and 0.5 % are other housing.

If you’re looking to invest in the Bayside City, Victoria property market, there are a few things you should keep in mind.

First, it’s important to do your research and understand what you’re buying into. Be sure to look at things like the socioeconomic index, employment prospects, and average rental yields in the area.

Another thing to keep in mind is that property values can vary greatly from suburb to suburb. So be sure to focus on areas that you think will offer good long-term growth potential.

Finally, always remember that property investment is a long-term game. Don’t be too quick to sell if the market takes a downturn – remember that prices always go up and down, but over the long term they tend to go up.

Use the interactive dashboard below to establish best suburbs for property investment in Bayside City.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in Bayside City, VIC

What other property markets are there near Bayside City, VIC?

Bayside City is surrounded by 2 other council areas – Port Phillip, Glen Eira.

How many people live in Bayside City, VIC?

There are approximately 97000 people living in roughly 41000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Bayside City, VIC?

Notable infrastructure projects include Haig Reserve Playspace, Daceyville, Todd Reserve Playspace, Mascot, Flack Reserve Playspace, Hillsdale, Elliot Place Reserve Playspace, Hillsdale, G B Holt Reserve Playspace, Shepherd Parade Reserve Playspace, Evatt Park Playspace, Belmore Reserve Playspace.

What is the main industry in Bayside City, VIC?

Such sectors as Professional, Scientific and Technical Services, Health Care and Social Assistance, Retail Trade, Financial and Insurance Services make up the largest part of the employment.

What are the dominant demographic groups in Bayside City, VIC?

Among approximately 97000 people in Bayside City males and females make roughly 48% and 52% respectively. The median age of people is 44 years. Children aged 0-14 years account for approximately 19% of the population, and those aged 65+ years account for 19%.

How is unemployment rate trending in Bayside City, VIC?

Among approximately 48000 people employed, roughly 57% work full-time, 34% work part-time, and an estimated 5% are unemployed.

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