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Burnside Heights
AREA REPORTS

Burnside Heights

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

house

Property investors have seen a 1.74% gain in BURNSIDE HEIGHTS based on an increase in median home prices for the past three months.

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 $700,000

Profits averaged 3.41% 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 $430 based on current median home prices for the suburb.

The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.19%.

An average of 5.92 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 71 per annum.

Data report can be found below

Burnside Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 N/A
GROWTH REPORT
Median Quarterly 1.74% N/A
Median 12 month 6.87% N/A
Median 3 years 10.24% N/A
Median 5 years 32.08% N/A
10 years average annual 5.52% N/A
Weekly media advert. rent $430 N/A
Time on Market 27.2 days N/A
Gross Rental Yield Percent 3.19% N/A
demographics (median values)*
Total Population
n.a.
Weekly Household Income
n.a.
Household Size
n.a.
Age
n.a.
Monthly Loan Repayment
n.a.
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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Age group
Top 10 Birth Countries
Dwelling Structures
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Tenure Type

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