Burwood

POSTAL CODE: NSW, 2134
HOUSE
UNIT

Figures from the previous quarter show that capital gains for real estate buyers in BURWOOD are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

On average, rents on listings have reached the $800 mark, reflecting a 1.34% increase in returns based on the current median price in BURWOOD.

BURWOOD, 2134 ranks 1212th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1133rd on the list of best yielding suburbs for rental properties in NSW, posting a 1.34% return.

Surburb overview

Burwood, located approximately 10 kilometres west of Sydney's Central Business District, is a vibrant suburb within the Inner West Council area. It serves as a significant commercial and residential hub, offering a blend of cultural diversity, modern amenities, and excellent connectivity.

As per the 2021 Census, Burwood had a population of 18,224 residents. The median age was 32 years, indicating a relatively young population. The suburb is notably multicultural, with a significant proportion of residents born outside of the country. Languages spoken at home include Mandarin, Cantonese, Korean, and Arabic, among others.

Burwood boasts excellent public transport facilities. The Burwood railway station is a significant stop on the Sydney Trains network, served by the T1 North Shore & Western Line, T2 Inner West & Leppington Line, and T9 Northern Line.  The station is staffed daily and equipped with amenities such as bike racks, toilets, and Opal card top-up machines.

A comprehensive bus network operates in the area, with routes including 410, 415, 418, 461x, 464, 490, 492, 530, and M90, connecting Burwood to various parts of Sydney.

Burwood offers a range of amenities catering to diverse lifestyles. The suburb is home to shopping centres like Westfield Burwood and Burwood Plaza, providing numerous retail, dining, and entertainment options. Recreational spaces, such as Burwood Park, offer green areas for leisure and community events.

The suburb's strategic location and infrastructure make it a desirable place for both residents and businesses. Ongoing developments, including plans for the Sydney Metro West project, aim to enhance Burwood's connectivity and urban landscape further.

You’re out of free articles for this month
Loading form...