AREA REPORTS

Burnley

VIC/
Burnley

Suburb Profile

Burnley - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3121

unit

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $486,250.

Investors saw the median home price rise to $486,250.

The upward trend in home prices in BURNLEY, 3121 averaged 5.26% per annum over a 3-year period.

BURNLEY now ranks at the 327th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $417.5 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In BURNLEY, homes and units usually stay on listing for an average of 0.0 days.

10 properties were sold in BURNLEY in 2016, making it the 385th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $486,250
GROWTH REPORT
Median Quarterly N/A -7.2%
Median 12 month N/A N/A
Median 3 years N/A 15.77%
Median 5 years N/A 40.53%
10 years average annual N/A N/A
Weekly media advert. rent N/A $417.5
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 4.46%
demographics (median values)
Total Population
710
Weekly Household Income
1270
Household Size
2.00
demographics
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