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Bayswater, WA 6053

Home » WA Real Estate Data » City of Bayswater, WA » Bayswater, WA 6053

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bayswater, WA 6053 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

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Yield 

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Buy 

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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.

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0 thoughts on “Bayswater, WA 6053”

  1. The total adult population (15 years or older) of Bayswater 6053 WA is 12,668, with a median age of 39. Of those, 43.98% are married, 12.95% are divorced or separated, 38.47% are single and 4.62% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,716. The median monthly mortgage repayment for households in this suburb is $2,000 which is 18.66% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bayswater, postcode 6053, situated in Western Australia, is noted for possessing a collective of 8,871 households. As we reach the third quarter of 2023, the average house prices in Bayswater are noted to be $751,960. The median weekly rent sits at $533, which in turn spells out an indicative yield of approximately 3.69%.

    Judging by the IRSAD score, Bayswater has a value of 1052 out of the maximum score of 1217. This indicates that the neighbourhood is made up of households that have good access to economic resources and hold a high-income level that’s proportional to their skilled professions. This showcases Bayswater as a suburb with an admirable socio-economic standing.

    It’s important to note the renter to owner ratio is at 28%. This represents a stronger dominance of property ownership over rental properties and is an indicator of stability. Meanwhile, the proportion of units to houses is lower at only 7%, suggesting a neighbourhood dominated by houses – often associated with longer tenancy periods and fewer competitions among landlords.

    In terms of affordability, the index for houses stands at 27 years – suggesting a high degree of affordability for residents when compared to suburbs where the duration to homeownership is longer.

    Inspecting the supply metrics of Bayswater, the stock on market (SoM) percentage is 0.33%, which points towards a low supply and thus a favourable market situation. This is complemented by an inventory level of 1.3 months showing a highly absorbent property market. The Building Approval ratio is also positive, at only 0.75%, an indicator of a favourable, low supply in the area.

    As for demand metrics, the average Days on the Market (DoM) is 43 – an expected rate indicating normal purchaser interest. Furthermore, the very low vacancy rate of 0.65% indicates a high demand in the suburb, coupled with a decent buy search index of 5, showing typical buyer interest.

    As with all investment decisions, these metrics provide the insights needed to understand the state of the Bayswater property market. Armed with this data, potential investors can make informed decisions about their property investments in Q3 2023 in Bayswater.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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