Bayswater
The median rent for a 2-bedroom unit in Bayswater is $493 a week for leases that started in the year to September 2025, up 9.6% on a year earlier. That is 10% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $962,500 for a house and $775,000 for a unit. A year of rent for that home is about 3.7% of its median sale price (gross rental yield).
Median rent in Bayswater
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $393* | +8.3% | 14 |
| 2-bedroom unit | $493 | +9.6% | 132 |
| 3-bedroom unit | $590 | +2.6% | 64 |
| 2-bedroom house | $500 | +8.7% | 35 |
| 3-bedroom house | $590 | +7.3% | 159 |
| 4-bedroom house | $675 | +3.8% | 57 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $962,500 | Mar 2026 quarter |
| Unit | $775,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Noble Park $495 a week
- Bundoora $490 a week
- Fawkner $490 a week
- Glenroy $490 a week
- Greensborough $490 a week
- Hurstbridge $490 a week