389 - Bayswater Suburb Update ft. Nic Pulvirenti

Host Trent Fleskens interviews Bayswater agent Nick Pulvirenti on the suburb’s rapid growth and changing buyer mix. Bayswater’s median rose 23% last year (about $1.2m), with stronger gains in more affordable strata stock as first-home buyers use affordability schemes; two‑bed, one‑bath units in a once-avoided King William Street complex now sell in the $600s. Detached character homes are increasingly bought by owner-occupier professionals in their 30s–40s, often with family support, while the investor share (previously dominated by East Coast buyers) has eased as many cash out. Home opens remain strong in good locations but FOMO has softened since pre‑Christmas, with more buyer hesitancy and seller price expectations causing properties to take a few home opens to sell. They discuss common reasons for selling (upsizing, downsizing, cashing in), development around the upgraded Bayswater station, rear blocks around $500k, and a current local ceiling near $2.5m on the river.