Suburb Profile
Burnside Heights - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3023
Property investors have seen a 1.61% 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 11.02%.
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 $599,500
Profits averaged 12.08% 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 $410 based on current median home prices for the suburb.
The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.56%.
An average of 6.17 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 74 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $599,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.61% | N/A |
| Median 12 month | 11.02% | N/A |
| Median 3 years | 36.25% | N/A |
| Median 5 years | 44.46% | N/A |
| 10 years average annual | 6.93% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 42.9 days | N/A |
| Gross Rental Yield Percent | 3.56% | N/A |
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