The Bayswater VIC median house price sits at approximately $870,000 as of mid-2026, reflecting a modest year-on-year increase of around 4.2% from the same period in 2025. Whether you are buying, selling, or investing in Bayswater VIC, understanding where property values stand right now is the essential first step.

What Is the Bayswater VIC Median House Price Right Now?

According to CoreLogic data for the 12 months to June 2026, the median house price in Bayswater (postcode 3153) is $870,000. The median unit price over the same period is $580,000, representing a more affordable entry point for buyers and investors looking to get a foothold in Melbourne’s eastern suburban corridor.

On a quarterly basis, SQM Research figures show house values in Bayswater rose by approximately 1.1% in the March-to-June 2026 quarter, following a flat December 2025 quarter. This incremental growth reflects broader conditions across Melbourne’s middle-ring suburbs, where tight supply is continuing to put upward pressure on prices despite elevated interest rates.

Recent Sold Comparables in Bayswater

• 3-bedroom house, Scoresby Road area: Sold for $855,000 (May 2026)
• 4-bedroom house, Canterbury Road precinct: Sold for $935,000 (April 2026)
• 2-bedroom unit, Mountain Highway corridor: Sold for $575,000 (June 2026)
• 3-bedroom house, Dorset Road strip: Sold for $878,500 (March 2026)

These recent sales confirm that well-presented three-bedroom family homes in Bayswater are transacting firmly around or slightly above the suburb median, while four-bedroom homes on larger blocks regularly command premiums north of $900,000. Source: CoreLogic RP Data, sales records to June 2026.

What Do the Numbers Say About Bayswater VIC Property Trends?

Looking at a longer time horizon, Bayswater VIC property has delivered consistent capital growth. According to PropTrack data, the suburb recorded a five-year cumulative price increase of approximately 38% between June 2021 and June 2026, outpacing the broader Knox local government area average of around 33% over the same period.

The vacancy rate in Bayswater sits at just 1.3% as of June 2026, according to SQM Research, well below Melbourne’s metropolitan average of 1.8%. This tight rental market underpins strong rental yields and makes investing in Bayswater VIC an appealing proposition for landlords seeking dependable income alongside capital growth.

Rental Yields in Bayswater

• Houses: Gross rental yield of approximately 3.5% per annum (CoreLogic, June 2026)
• Units: Gross rental yield of approximately 4.6% per annum (CoreLogic, June 2026)

For context, Melbourne’s median gross house yield across all suburbs sits at roughly 3.1% (RBA Housing Market Update, May 2026), meaning Bayswater marginally outperforms the city-wide benchmark. Investors targeting cash-flow-positive or near-neutral properties will find the unit segment particularly competitive.

Days on market for Bayswater houses averaged 28 days in the first half of 2026, down from 34 days in the first half of 2025. Shorter selling timelines indicate strong buyer competition, which is useful intelligence for those considering selling Bayswater VIC property in the near term.

For a direct comparison with nearby inner-north suburbs, you can review the median house price in Reservoir or explore how Preston’s median house price stacks up against Bayswater’s figures.

What Are the Key Considerations When Buying or Selling in Bayswater VIC?

Whether you are buying Bayswater VIC property for owner-occupation or investment, or preparing for selling Bayswater VIC, a clear understanding of local market drivers can mean the difference between a good outcome and a great one. Here are the most important factors shaping property decisions in this suburb right now.

Factors Supporting Price Growth

• Infrastructure and connectivity: Bayswater station on the Belgrave/Lilydale line provides direct rail access to the Melbourne CBD, a key drawcard for commuting owner-occupiers and renters alike.
• Land size: Bayswater retains relatively generous block sizes compared to inner-city suburbs, with many homes sitting on 600-700 sqm lots, supporting renovation potential and future subdivision feasibility subject to planning.
• School catchments: The suburb falls within the catchment of well-regarded government schools, continuing to attract family buyers who push median prices upward in the $850,000 to $950,000 band.
• Supply constraints: New housing supply in Bayswater remains limited. According to ABS Building Approvals data for the 12 months to March 2026, fewer than 60 new dwellings were approved across the suburb, keeping competition for existing stock elevated.

Factors to Watch

• Interest rate sensitivity: The RBA’s cash rate remains at 3.85% as of July 2026. Any further adjustments will directly affect borrowing capacity and buyer demand in mid-price suburbs like Bayswater.
• Auction clearance rates: Melbourne’s eastern suburbs recorded a clearance rate of 68% for the June 2026 quarter (Real Estate Institute of Victoria), which is healthy but softer than the 74% recorded in June 2024, suggesting buyers are marginally more selective.
• Comparable suburb pricing: Buyers who cannot stretch to Bayswater’s median are increasingly looking to adjacent suburbs. Understanding how Bayswater compares with markets like Northcote’s median house price helps frame its relative value proposition within Melbourne’s broader market.

Tips for Selling in Bayswater VIC in 2026

1. Price to the current market, not the peak. CoreLogic’s automated valuation models (AVMs) are widely used by buyers’ agents and buyers themselves, so an overpriced listing will stand out immediately.
2. Present the land. Buyers in Bayswater frequently cite outdoor space and block dimensions as top purchase drivers. Professional styling of outdoor areas delivers a measurable return.
3. Choose the right campaign. In a 28-day average days-on-market environment, a well-structured four-week auction campaign aligns with buyer decision timelines and maximises competitive tension.

Tips for Buying in Bayswater VIC in 2026

1. Get pre-approval before inspecting. At $870,000, financing a Bayswater VIC purchase requires solid preparation, particularly with lenders tightening serviceability buffers.
2. Understand strata implications for units. With unit yields at 4.6%, the unit segment is attractive, but body corporate fees and maintenance levies must be factored into net yield calculations.
3. Monitor off-market opportunities. A meaningful proportion of Bayswater transactions happen before public listing. Registering for off-market alerts can provide early access to stock.

How Does Collings Real Estate Help Buyers, Sellers and Investors in Bayswater VIC?

Collings Real Estate brings deep expertise in Melbourne property markets to clients buying, selling, and investing across the metropolitan area. While Collings is headquartered at 230 Waterdale Road, Ivanhoe VIC 3079, the team actively services clients with interests in suburban markets including Bayswater, drawing on comprehensive sales data, local agent networks, and off-market property access.

For sellers, Collings provides a free, obligation-free property appraisal grounded in real comparable sales data, not automated estimates. For buyers and investors, the team offers access to an off-market property portal where qualified properties are listed before they hit the open market. You can register your buying criteria at the Collings off-market property portal to receive matched listings direct to your inbox.

Whether you are researching median house prices in Bayswater VIC ahead of a purchase decision, or you want an expert appraisal to inform your selling strategy, the Collings team is ready to assist. Contact us directly:

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe VIC 3079

Request a free property appraisal today by calling 03 9486 2000 or emailing info@collings.com.au and one of our experienced agents will be in touch promptly.

Frequently Asked Questions About Bayswater VIC Property

What is the median house price in Bayswater VIC in 2026?

The median house price in Bayswater VIC is approximately $870,000 as of mid-2026, based on CoreLogic data for the 12 months to June 2026. This represents a year-on-year increase of approximately 4.2%.

Is Bayswater VIC a good suburb to invest in?

Bayswater VIC offers a gross rental yield of around 3.5% for houses and 4.6% for units, a vacancy rate of just 1.3%, and five-year capital growth of approximately 38%. These metrics make it a competitive option for Melbourne investors in 2026.

How long does it take to sell a house in Bayswater VIC?

Houses in Bayswater averaged 28 days on market in the first half of 2026, down from 34 days in the same period in 2025, reflecting strong buyer demand and limited available stock.

What is the median unit price in Bayswater VIC?

The median unit price in Bayswater VIC is approximately $580,000 as of June 2026, according to CoreLogic data, providing a more accessible entry point compared to houses in the suburb.

How does Bayswater VIC compare to other Melbourne suburbs?

At a median of $870,000, Bayswater is priced more affordably than many comparable rail-connected suburbs closer to the CBD. Its gross house yield of 3.5% also sits above Melbourne’s metropolitan average of approximately 3.1% reported by the RBA in May 2026.

For further suburb research, explore the median house price in Brunswick to see how inner-north prices compare with Bayswater’s eastern suburban market position.