AREA REPORTS

Burwood

Suburb Profile

Burwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3125

house
unit

Property investors enjoyed capital gains of 5.23% over the last 12 months in BURWOOD, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 29.31% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

On average, rents on listings have reached the $500 mark, reflecting a 1.9% increase in returns based on the current median price in BURWOOD.

BURWOOD, 3125 ranks 454th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 563rd on the list of best yielding suburbs for rental properties in VIC, posting a 1.9% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,370,667 $740,000
GROWTH REPORT
Median Quarterly -0.68% 0%
Median 12 month 5.23% 3.07%
Median 3 years 29.31% 31.81%
Median 5 years 87.12% 37.32%
10 years average annual 8.09% 8.25%
Weekly media advert. rent $500 $410
Time on Market 75.0 days 82.5 days
Gross Rental Yield Percent 1.9% 2.88%
demographics (median values)
Total Population
11887
Weekly Household Income
1010
Household Size
2.50
demographics
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