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.