Suburb Profile Report for Burwood NSW (2134)

Burwood House: Median price $1,940,000, Annual capital growth 11.46%, Number of sales 71, Weekly median advertised rent $600

Burwood Unit: Median price $785,000, Annual capital growth 7.54%, Number of sales 236, Weekly median advertised rent $580

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Burwood has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.38%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burwood has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -8.77% to buyers in Burwood at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.

Burwood is 1178th on a list of best yielding suburbs for rents in NSW with a 1.61% return

At number 1276th in the list of Australian suburbs ordered by increase in median house value over the last year, Burwood, 2134 is in the BOTTOM 30% with a property value increase of -2.10% recorded in median house prices.

Burwood,2134 was ranked 1318 in Australia by increase in median property value over the quarter.

Property buyers and investors in Burwood 2134 should be seeing an average reduction in asking price of around -5.75% . This means that Burwood is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Burwood the average time real estate has been on the market is 65.72 days.

The NSW suburb of Burwood, 2134 is in the Burwood local government area.

Metrics i HOUSE UNIT
$1,940,000 $785,000
-3.00% -1.88%
-16.38% -2.10%
11.46% 7.54%
$600 $580
71 236
1.61% 3.84%
81.05 65.72

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 12466
Median household income ($/weekly) 1185
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    20-24 years 1599 12.8
    25-34 years 2826 22.7
    35-44 years 1506 12.1
    45-54 years 1550 12.4
    55-64 years 1141 9.2
    Others 3844 30.8
    Age Group
    Census Count Percent(%)
    Not Married 5288 53.2
    Registered Married 4142 41.7
    Defacto Relationship 510 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3787 32.4
    Croatia 3309 28.3
    Indonesia 574 4.9
    Lebanon 497 4.3
    Other 991 8.5
    Others 2534 21.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 1309 11.6
    Christianity 5086 45.1
    Hinduism 858 7.6
    Islam 233 2.1
    No Religion 3686 32.7
    Others 99 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 357 9.4
    $600-$799 301 8.0
    $800-$999 339 9.0
    $1,500-$1,999 456 12.1
    $2,000-$2,499 325 8.6
    Others 2000 52.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3998 39.1
    Employed, worked full-time 3569 34.9
    Employed, worked part-time 1843 18.0
    Unemployed, looking for work 532 5.2
    Employed, away from work 271 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 611 10.8
    Professionals 1603 28.2
    Technicians & trades workers 639 11.2
    Clerical & administrative workers 854 15.0
    Sales 607 10.7
    Others 1369 24.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 541 15.5
    Secondary 666 19.0
    Technical or Further Educational Institution 367 10.5
    University or other Tertiary Institutions 1583 45.3
    Other type of educational institution 221 6.3
    Others 120 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5285 46.0
    Separate house 5169 45.0
    Semi-detached, row or terrace house, townhouse 1026 8.9
    House or flat attached to a shop, office 14 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1936 47.3
    Fully owned 1287 31.4
    Being purchased 842 20.6
    Other tenure type 28 0.7
    Tenure Type
Census 2011, ABS
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