Bayswater North

POSTAL CODE: VIC, 3153
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Property investors enjoyed capital gains of 4.09% over the last 12 months in BAYSWATER NORTH, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.43% growth over a ten-year period. It ranks 3022nd on our list of suburbs that property investors should look into.

BAYSWATER NORTH, 3153 has a capital gain of 4.09% for the past year, which is lower than average compared to its 27.1% growth within a five-year period.

With the median home price in BAYSWATER NORTH sitting at $928,500, and the average rent at $605, property owners could potentially earn a 3.39% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BAYSWATER NORTH are low, as opposed to average gains per annum over the past five years.

BAYSWATER NORTH, 3153 in VIC belongs to the local government area of Maroondah.

Surburb overview

Bayswater North is a middle-ring suburb in Melbourne’s eastern suburbs, located within the City of Maroondah. The suburb is situated approximately 28 kilometres east of the Melbourne central business district and lies to the north of Bayswater, bordered by Croydon South, Kilsyth and Ringwood East.

Bayswater North recorded a population of around 8,000 residents at the 2021 census, reflecting its relatively small residential footprint and mixed land use. The demographic profile includes families, professionals, and older residents, with household incomes broadly in line with those in metropolitan Melbourne. Home ownership rates are moderate to high, indicating a stable residential base alongside areas of rental accommodation.

Housing in Bayswater North consists primarily of detached dwellings on traditional suburban blocks, with pockets of townhouses and low-rise unit developments. Residential density is generally low to moderate, particularly when compared with neighbouring activity centres. 

A defining feature of Bayswater North is the presence of substantial industrial and commercial precincts, particularly along Canterbury Road and surrounding arterial routes. These employment areas host manufacturing, warehousing, logistics and trade-based businesses that contribute significantly to local employment.

Public transport access within the suburb is limited, with no railway station located in Bayswater North itself. The nearest train stations are Bayswater and Ringwood East, which provide access to the Belgrave and Lilydale lines.

Bus routes operate through the suburb, linking residential areas with nearby stations, shopping centres and employment precincts. Road connectivity is a key characteristic, with Canterbury Road, Dorset Road and proximity to EastLink supporting efficient east–west and north–south travel across Melbourne’s east.

Local retail and service amenities are limited within Bayswater North, with most residents accessing shopping centres and services in Bayswater, Croydon and Ringwood.

Educational facilities are not concentrated within the suburb, though primary and secondary schools are readily accessible in surrounding areas.

Recreational amenities include local reserves and access to the Dandenong Creek trail, which provides shared walking and cycling paths through the eastern suburbs. Parks and open spaces are modest in scale and primarily support informal recreation.

Bayswater North’s identity is shaped by its combination of residential streets, significant industrial employment areas and strong road-based connectivity within Melbourne’s eastern suburbs.

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