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.
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.
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.
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.
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.
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.
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.
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.
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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AUS Suburbs ( houses )
|Suburb||Bedrooms||Sales||Typical Price||typical_price||YoY Price Growth||Rentals||Rent||median_rent||YoY Rent Increase||Gross Yield||Capital Growth||Total ROI||Cashflow Increase||Rent Increase||Confidence||sort||Error Rate||Growth Rate||Discounting||DoM||DoRM||Vacancy Rate||Vacancies||SoM||SoM %||Buy SI||Rent SI||Inventory||R|O Ratio||U|H Ratio||U|HV Ratio||Clearence Rate||Hold Period||IRSAD||Population||Future Metric 3||Future Metric 4||sort_roi||sort_cg||low_range_cap_growth||high_range_cap_growth||low_range_roi||high_range_roi||Council Area|
Not sure what this data means? See HtAG Data Dictionary for guidance.
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Confidence: High, Medium, Low
Stock on Market
Days on Market
All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Bayside City, VIC
There are approximately 97000 people living in roughly 41000 dwellings in total, with an average household size of 2.6.
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.
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.
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%.
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