Bayswater Property Growth
VIC · 3153 · Outer Eastern Melbourne
An outer-eastern suburb roughly 28 km east of the Melbourne CBD, Bayswater sits on the Belgrave railway line and adjoins one of Melbourne's more significant industrial and employment precincts, combining an established residential base with the large Bayswater/Bayswater North industrial area bordering its northern edge.
Overview
Location: City of Knox
An outer-eastern suburb roughly 28 km east of the Melbourne CBD, Bayswater sits on the Belgrave railway line and adjoins one of Melbourne's more significant industrial and employment precincts, combining an established residential base with the large Bayswater/Bayswater North industrial area bordering its northern edge.
Market Snapshot
Median House Price
$955k
Median Unit Price
$705k
Avg Days on Market
27 days
Demographics
Estimated Population
12,262
Owner Occupier Rate
63.4%
Renter Rate
33.5%
Transport & Connectivity
Bayswater has its own station on the Belgrave line, rebuilt in 2016–17 as part of the Mountain Highway and Scoresby Road level crossing removals. Bus routes 664, 737, 745, 753, 755 and 967 connect the suburb to surrounding areas. There are no tram services in Bayswater. Major Roads: Canterbury Road, Mountain Highway, Scoresby Road, Dorset Road. Train Lines: Belgrave line (Bayswater station). Bus Routes: 664, 737, 745, 753, 755, 967. Bayswater is approximately 28 km from the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Bayswater Primary School, Bayswater West Primary School, Bayswater North Primary School and the bilingual (English/German) Bayswater South Primary School serve the suburb's primary-age students. Secondary: Bayswater Secondary College, established in 1961, offers VCE, VET and VCAL pathways. Always confirm the applicable zone via the Victorian Department of Education's Find My School tool for a specific address.
Amenities & Lifestyle
Bayswater's recreational hub is the 16.5-hectare Marie Wallace Bayswater Park, bounded by Mountain Highway, Bayswater Road and Dandenong Creek, offering playgrounds and open lawns, alongside the smaller Guy Turner Reserve and the Dorset Road Linear Reserve. The Dandenong Creek Trail provides walking and cycling connections through the suburb, and the Mountain High Shopping Centre — which also houses the local library — is the main day-to-day retail hub.
Employment
Major Employment Hubs: the Bayswater/Bayswater North industrial precinct is a Regionally Significant Industrial Precinct and the second-largest employment area in Melbourne's Eastern Metro Region, spanning around 735 hectares and supporting an estimated 1,873 businesses and 35,500 jobs, including corporate campus tenants at the Mountain Highway Business Park. Commercial Centres: the Mountain High Shopping Centre is the suburb's main retail centre.
Infrastructure
Knox City Council has secured Victorian Government funding to support the Bayswater retail precinct, aimed at highlighting the area's business diversity and attracting more visitors, alongside council-led road renewal works such as Sasses Avenue and proposed upgrades to the Guy Turner Reserve and Marie Wallace Oval cricket training facilities. The Mountain Highway and Scoresby Road level crossings were previously removed in 2016–17 as part of a $177 million project that also rebuilt Bayswater station. No further major projects beyond those noted above are currently confirmed for Bayswater. Check Infrastructure Australia's project pipeline, State Government announcements or Knox City Council's website for the latest updates.
Growth Drivers
- Major industrial employment precinct — The adjoining Bayswater/Bayswater North industrial area is the Eastern Metro Region's second-largest employment precinct, supporting an estimated 35,500 local jobs.
- Rebuilt Belgrave line station — Bayswater's station and surrounding road network were rebuilt as part of the 2016–17 Mountain Highway and Scoresby Road level crossing removals.
- State-funded retail precinct support — Knox City Council has secured Victorian Government funding to promote and strengthen the Bayswater retail precinct.
- Green open space — Marie Wallace Bayswater Park and the Dandenong Creek Trail provide substantial recreational amenity for residents.
Key Risks
- Industrial precinct proximity — Parts of Bayswater sit close to a large industrial area, which can bring traffic and amenity considerations for nearby residential pockets.
- Congested arterial roads — Canterbury Road carries more than 30,000 vehicles a day through Bayswater and neighbouring suburbs, with significant afternoon peak congestion.
- Interest rate and lending sensitivity — Like all property markets, Bayswater's values and buyer activity are sensitive to changes in interest rates and lending conditions.
Frequently Asked Questions
Bayswater benefits from its own Belgrave line station, proximity to the Eastern Metro Region's second-largest industrial employment precinct, and state-funded support for its retail precinct. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Bayswater Primary School, Bayswater West Primary School, Bayswater North Primary School and the bilingual Bayswater South Primary School serve local families, and Bayswater Secondary College offers VCE, VET and VCAL pathways.
Bayswater has its own station on the Belgrave line, plus bus routes including 664, 737, 745, 753, 755 and 967. Verify current timetables and traffic conditions before relying on any commute estimate.
Marie Wallace Bayswater Park and the Dandenong Creek Trail provide the suburb's main recreational space, while the Mountain High Shopping Centre is the local retail and library hub.
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Calculate Future ValueSources
- ABSCensus QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Knox— https://www.knox.vic.gov.au/
- Department of Transport Victoriahttps://www.transport.vic.gov.au/— https://www.transport.vic.gov.au/
- Victorian Planning Authorityhttps://vpa.vic.gov.au/— https://vpa.vic.gov.au/
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au/
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.