AREA REPORTS

Burnside Heights

 

 

Suburb Profile

Burnside Heights - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3023

house

Property investors have seen a 3.58% gain in BURNSIDE HEIGHTS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BURNSIDE HEIGHTS, 3023 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.18%.

Based on its average 5-year and quarterly capital gains BURNSIDE HEIGHTS, 3023 saw average growth in the long term.

The VIC 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 $621,500

Profits averaged 13.75% per annum over a 3-year period, due to an upward trend in home prices in BURNSIDE HEIGHTS, 3023.

This means, real estate investors could earn a rental income of $412.5 based on current median home prices for the suburb.

The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.45%.

An average of 6.75 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 81 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $621,500 N/A
GROWTH REPORT
Median Quarterly 3.58% N/A
Median 12 month 12.18% N/A
Median 3 years 41.25% N/A
Median 5 years 47.98% N/A
10 years average annual 7.18% N/A
Weekly media advert. rent $412.5 N/A
Time on Market 59.0 days N/A
Gross Rental Yield Percent 3.45% N/A
demographics (median values)
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