Burwood

POSTAL CODE: VIC, 3125
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Property investors enjoyed capital gains of 10.24% 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 9.24% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 2.41% increase in returns based on the current median price in BURWOOD.

BURWOOD, 3125 ranks 105th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 519th on the list of best yielding suburbs for rental properties in VIC, posting a 2.41% return.

Surburb overview

Burwood is a suburb located approximately 14 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 15,147 residents.

Public transportation in Burwood is well-developed. Tram routes 70 and 75 provide access to various parts of Melbourne. Additionally, several bus routes service the area, enhancing connectivity for residents.

The suburb offers essential establishments, including shopping centres such as Burwood One and Burwood Heights Shopping Centre, which house major retailers and a variety of specialty stores. Educational institutions in the area include Deakin University's Burwood campus and several primary and secondary schools.

Recreational activities in Burwood are diverse, with numerous parks and green spaces available for residents. Wattle Park and Gardiners Creek Reserve offer opportunities for outdoor activities, including walking, cycling, and picnics. The suburb also has sports facilities such as Bennettswood Sports Ground and Bennettswood Bowling Club.

In terms of housing, the median property price for a house in Burwood is approximately $1,400,000, with an annual capital growth of -5.08%. Rental yields for houses are currently around 2.49%, with a median weekly rent of $680.

Overall, Burwood offers a blend of residential living with access to essential services and recreational opportunities, all within a reasonable distance from Melbourne's city centre.

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