Location and large blocks provide appeal

Monday, 4th May 2015

BayswaterThis established riverside suburb is just a stone’s throw from Perth city and still offers large residential blocks at reasonable prices.

Bayswater has a population of 13,500 residents with a median age of 38 years. The suburb covers 10 square kilometres and essentially comprises three areas – east of Tonkin Highway, western riverside and the western inland side.

The suburb is located just 6 kilometres from the Perth central business district and has access to three strain stations – Bayswater, Meltham and Ashfield.

The area is also serviced by buses down the urban corridor including Guildford Road, which connects to East Perth.

Bayswater is also split by Tonkin Highway, providing further access to the north and south, including the airport, Great Eastern Highway and Roe Highway.

There is little state housing in Bayswater and one of the suburb’s biggest drawcards is its river frontage, which totals about 3 kilometres.

Infrastructure in Bayswater is also well established, which provides excellent access to a number of valued services and employment centres including Morley Galleria, Bayswater industrial zone and Perth CBD.

With more than 78% of dwellings in Bayswater listed as houses, the suburb provides good investment opportunities for larger, low density blocks. These will be particularly sought after as Perth’s population continues to grow and its surrounding suburbs increase in density.

Some high density dwellings already exist in the suburb, primarily around Bayswater local centre and Bayswater Train Station.

About 30% of the dwellings in the suburb are leased, as well, which is about average for suburbs in Perth’s metropolitan area.

With an average median dwelling price of just over $600,000, Bayswater sits slightly above the broader Perth median price.

School facilities for Bayswater include Durham Senior High School and Bayswater Primary School.