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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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Burrill LakeBurrill Lake - SUBURB PROFILE REPORT
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Property investors have seen a 6.67% gain in BURRILL LAKE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BURRILL LAKE, 2539 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.63%.
Based on its average 5-year and quarterly capital gains BURRILL LAKE, 2539 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $640,000
Profits averaged 5.45% per annum over a 3-year period, due to an upward trend in home prices in BURRILL LAKE, 2539.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in BURRILL LAKE, 2539 is 4.06%.
An average of 6.58 real estate transactions take place per month in BURRILL LAKE which translates to 79 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $640,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.67% | N/A |
| Median 12 month | 15.63% | N/A |
| Median 3 years | 16.36% | N/A |
| Median 5 years | 56.1% | N/A |
| 10 years average annual | 8.81% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 92.8 days | N/A |
| Gross Rental Yield Percent | 4.06% | N/A |
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