All About Bayswater, Knox, VIC, 3153

Bayswater, located in the Knox area of Victoria, is a suburb that offers a mix of residential charm and accessibility, making it an appealing choice for a diverse range of residents. The housing market in Bayswater has seen steady growth in recent years, reflecting broader trends in Melbourne's outer suburbs. With a mix of older homes, modern developments, and new apartments, Bayswater caters to a wide spectrum of buyers and renters. The suburb's affordability compared to inner-city areas attracts young families and first-time homebuyers who are looking for spacious properties without the premium price tag. Recent developments in infrastructure and public transport have further enhanced Bayswater's connectivity, facilitating easy access to Melbourne's CBD, which contributes to its growing popularity in the housing market.

Living in Bayswater offers a blend of suburban peace and community-centered living, with amenities that support an active lifestyle. The suburb is known for its parks and green spaces, such as Bayswater Park, which is a focal point for family activities and outdoor leisure. Local shopping centers, dining options, and community facilities provide convenience and foster a welcoming neighborhood atmosphere. Bayswater also benefits from being part of a region with good schools and healthcare facilities, adding to its appeal for families. The community spirit in Bayswater is robust, with regular local events and markets that encourage interaction and engagement among residents. Overall, Bayswater offers a balanced lifestyle for those who value both the tranquility of suburbia and the vibrancy of a connected community.

Bayswater Real Estate Market Outlook

Thinking about buying in Bayswater? Now could not be a better time, with 9465 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $993,000 with prices in this suburb ranging from $321,000 to $3,579,000. The aproximate distance to the coast is 22 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Bayswater are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Bayswater provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Bayswater to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Bayswater we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bayswater a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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