Bayswater Property Market
& Suburb Profile

Situated at the foothills of the Dandenong Ranges within the City of Knox, the suburb is defined by its dual identity as both a leafy residential retreat and a significant economic engine for the outer east, home to a robust light-industrial precinct that provides substantial local employment.

The lifestyle in Bayswater is centred on its expansive green spaces and convenient local amenities. Residents frequently gather at the Marie Wallace Bayswater Reserve - locally famous as the "Train Park" due to its iconic disused steam engine - which serves as a major community hub with ovals, netball courts, and extensive playgrounds. The suburb is also a gateway to the Dandenong Creek Trail, offering kilometres of walking and cycling paths. For daily needs, the Mountain High Plaza and Bayswater Village provide a comprehensive range of supermarkets, specialty stores, and popular local eateries like the Alice in Wonderland-themed Hatter & the Hare.

Education is a key feature of the suburb’s family appeal, supported by several local primary schools including Bayswater Primary, Bayswater South Primary (known for its German bilingual program), and Bayswater Secondary College. The state government’s Bayswater Education Plan continues to drive modern upgrades to these facilities, ensuring they meet the needs of the suburb's growing population. Connectivity is a major advantage, with the modern, below-ground Bayswater Train Station on the Belgrave line providing a reliable rail link to the city, complemented by a network of bus routes and easy access to Mountain Highway and EastLink for vehicular travel.

From a property perspective, Bayswater is increasingly seen as a high-potential investment destination and was recently named one of Melbourne’s top suburbs to watch for 2025. The housing stock is diverse, ranging from traditional three-bedroom family homes on generous blocks to contemporary townhouses and low-rise apartments.

For investors, the suburb offers stable rental yields underpinned by steady population growth and the ongoing "Bayswater Renewal Strategy," which aims to revitalise the central activity centre over the coming decades.