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Melbourne Area Profile: Bayside Melbourne, VIC 3186

 

Thinking about buying an off the plan property in Bayside Melbourne,VIC? You'll want to discover the Location Demographics, Travel & Infrastructure and Investor Insights.

 

I bought an investment property in Inner Bayside Melbourne. Here’s why:

Stella is an owner-occupier who just bought an off the plan townhouse in Bayside Melbourne. 

Last year, I decided to step out and invest in a townhouse that I could call home. I was living at my previous place and was wanting to add to my portfolio by purchasing this property. After months of researching the kind of property I want and looking for the right area that catered to my preferences, I finally settled on an off-the-plan townhouse in Bayside Melbourne. It has been the best property decision I’ve ever made and here’s why: 

 

Location

The Bayside Melbourne area shows off a wonderful coastal lifestyle with sandy beaches and lots of stunning views. It is highly regarded for its iconic natural features, lively community and for having a blend of modern and historic architecture. The nearby suburbs include Brighton, Sandringham, Beaumaris, Highett and Hampton. 

As a well known destination for locals and tourists, there is never a down moment with so many places and landmarks to visit. To relax, I like sitting by the shore at Beaumaris Beach or going for a peaceful walk around Sandringham Beach. For more, Hampton Beach is also a popular location for surfers while Brighton Beach displays the distinctive and colourful Bathing Boxes. Along Hampton Street, there are heaps of quality cafes to choose from. I enjoy starting my day with brunch at the Glasshouse Cafe or ordering a coffee from the Hamptons Bakery. I can also find a variety of cuisine on Highett Road such as the Abbiocco Restaurant and the Table Birds Restaurant. For my shopping needs, the Highett Shopping Centre provides supermarkets, services and takeaway options. On the weekend, I enjoy catching up with friends at the Sandringham Hotel and spending time at Brighton’s Foreshore Trail. 

 

People

Having countless beachside attractions and welcoming parks, families, couples and professionals have happily settled in at Bayside Melbourne. The Australian Bureau of Statistics have found the growing population to reach beyond 101 300 people and around 28 000 families. There are over 43 000 private dwellings already established and the median age is 45 years old. Majority of residents fall in between the 30 to 35 years old age group. 

Looking for a great option for families and couples? Check out these listings.

Transport 

Commuters from Bayside Melbourne are able to make the most of having efficient and convenient public transport close by. Both following the Sandringham line, the  Hampton Railway Station has 2 platforms while the Brighton Beach Railway Station has 3 platforms. Meanwhile, the Highett Railway Station has 2 platforms and has trains following along the Frankston line. 

Buses are also operating with a few stops on Bluff Road, Bay Road and Hampton Road. To add, drivers are able to plan direct journeys along Beach Road and the Nepean Highway. Cycling paths are also available along the Bay Trail in Brighton. The area is very well-serviced making it easy for residents to travel around. 

Looking for a property near public transport? Check out these listings.

Developments and Infrastructure

As part of the Playground Improvement Plan, the Bayside City Council is working towards upgrading all 61 playgrounds in the municipality by 2025. The playground upgrades and renewals will all adhere to the relevant Australian Safety Standards, utilise natural materials where possible, be safely accessible for everyone and be in line with community feedback. Furthermore, the council are also looking to create a new public open space in Brighton for recreation and relaxation. It will be a pocket park situated on Well Street and the community are being encouraged to share their input and ideas for the detailed concept design. 

 

Investor Insights

Apartments in Brighton have a gross rental yield of 1.8% and the median rent is $565 per week. In comparison, the gross rental yield for houses is 1.5% with a much higher median rent of $990 per week. In the last 10 years, the median property price in 2013 was $785k and reached $981k in 2018. Currently, the median property price has increased to $1.21m. 

Learn more about the growth and rental yields for the surrounding suburbs right by Bayside Melbourne - Brighton, Sandringham, Beaumaris, Highett and Hampton. 

 

If the Bayside Melbourne area has everything you desire for your home, why not look into buying an off the plan property there? You can start your search here or book an appointment to speak with our team of property experts to see if this is the right area for your property needs.

Published on 10th of May 2023 by Davina Deluao
Davina Deluao
Davina Deluao

Davina graduated from Swinburne University in 2018 with a Bachelor of Arts, majoring in Journalism. Through travelling and studying abroad in NYC and LA, her interests in property and design grew and became a strong pursuit. Davina has been writing for iBuildNew Group since 2019.

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