Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,220,505.
The upward trend in home prices in BURNLEY, 3121 averaged 10.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $725 mark, reflecting a 3.09% increase in returns based on the current median price in BURNLEY.
An average of 1 real estate transactions take place per month in BURNLEY which translates to 12 per annum.
12 properties were sold in BURNLEY in 2016, making it the 650th most active market in VIC based on total real estate transactions.
BURNLEY, 3121 places 550th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.07%||N/A|
|Median 3 years||31.24%||N/A|
|Median 5 years||53.04%||N/A|
|10 years average annual||6.99%||N/A|
|Weekly media advert. rent||$725||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.09%||N/A|