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1 MIN READREIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
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BayswaterBayswater - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains BAYSWATER, 3153 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BAYSWATER, 3153 obtained a 7.1% growth over a ten-year period. It ranks 1315th on our list of suburbs that property investors should look into.
BAYSWATER, 3153 in VIC belongs to the local government area of Knox (C).
BAYSWATER, 3153 has a capital gain of 15.2% for the past year, which is higher than average compared to its 30.3% growth within a five-year period.
With the median home price in BAYSWATER sitting at $860,000, and the average rent at $430, property owners could potentially earn a 2.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BAYSWATER are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $860,000 | $630,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.5% | 1.37% |
| Median 12 month | 15.2% | 6.78% |
| Median 3 years | 12.6% | 14.03% |
| Median 5 years | 30.3% | 37.86% |
| 10 years average annual | 7.1% | 5.34% |
| Weekly media advert. rent | $430 | $395 |
| Time on Market | 46.2 days | 53.6 days |
| Gross Rental Yield Percent | 2.6% | 3.26% |
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