Bayside City, VIC

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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Capital Growth Heatmap

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.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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Upgrade to Personal Plan to see forecasts on the graph above.

This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
Upgrade to Starter Plan to see U|H and R|O data.
The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
Upgrade to Starter Plan to see IRSAD data.
IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback 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.

Suburbs/localities in this Local Government Area: Hampton 3188, Hampton East 3188, Beaumaris 3193, Sandringham 3191, Black Rock 3193, Brighton 3186, Brighton East 3187

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