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 9.44% growth over a ten-year period. It ranks 102nd on our list of suburbs that property investors should look into.
BAYSWATER, 3153 in VIC belongs to the local government area of Knox.
BAYSWATER, 3153 has a capital gain of 15.92% for the past year, which is lower than average compared to its 85.88% growth within a five-year period.
With the median home price in BAYSWATER sitting at $790,000, and the average rent at $390, property owners could potentially earn a 2.57% 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.
Homeowners and real estate investors betting on BAYSWATER, 3153 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.35%.
A steady increase in median property prices over a five-year period in BAYSWATER, 3153 translates to a 38.67% capital gain.
Property investors enjoyed capital gains of 11.35% over the last 12 months in BAYSWATER, translating to lower returns compared with its peers in VIC.
BAYSWATER, 3153 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $520,000.
Profits due to an upward trend in home prices in BAYSWATER, 3153 averaged 12.89% per annum over a 3-year period.
Home owners selling their properties and realtors in BAYSWATER usually have to wait an average of 36.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $360 mark, reflecting a 3.6% increase in returns based on the current median price in BAYSWATER.
BAYSWATER, 3153 places 40th in Australia based on median property value growth during the quarter.