Suburb Profile Report for Burrill Lake NSW (2539)

Burrill Lake House: Median price $420,000, Annual capital growth 5.06%, Number of sales 39, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report

Investment property in Burrill Lake has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.37%

If we look at median property appreciation over just the last three months, Burrill Lake has given property investors a paper return of 1.20%. This puts Suburb as 842 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Burrill Lake are currently offering property investors an average price cut of -3.91% below the asking price at the moment.

Often selling an investment property can take time, and in Burrill Lake the average time real estate has been on the market is 111.07 days.

With the median price for a house in Burrill Lake being $420000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 4.52%

HOUSE UNIT
$420,000 N/A
1.20% N/A
25.37% N/A
5.06% N/A
$365 N/A
39 N/A
4.52% N/A
111.07 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 1328
Median household income ($/weekly) 729
Median age of persons 50
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 157 11.8
    35-44 years 132 9.9
    45-54 years 202 15.2
    55-64 years 215 16.2
    65-74 years 197 14.8
    Others 425 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 514 52.3
    Not Married 373 38.0
    Defacto Relationship 95 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1132 89.9
    Indonesia 7 0.6
    Papua New Guinea 14 1.1
    United Kingdom 64 5.1
    Other 22 1.7
    Others 20 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 897 74.3
    No Religion 269 22.3
    Buddhism 36 3.0
    Judaism 6 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 12.7
    $400-$599 114 22.0
    $600-$799 67 12.9
    $800-$999 74 14.3
    $1,000-$1,249 47 9.1
    Others 151 29.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 532 50.9
    Employed, worked full-time 233 22.3
    Employed, worked part-time 206 19.7
    Employed, away from work 41 3.9
    Unemployed, looking for work 34 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 55 11.3
    Professionals 62 12.8
    Technicians & trades workers 87 17.9
    Community & personal service workers 77 15.9
    Labourers 70 14.4
    Others 134 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 33 13.5
    Infants/Primary 96 39.3
    Secondary 62 25.4
    Technical or Further Educational Institution 26 10.7
    University or other Tertiary Institutions 17 7.0
    Others 10 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1160 94.0
    Semi-detached, row or terrace house, townhouse 60 4.9
    House or flat attached to a shop, office 10 0.8
    Flat, unit or apartment 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 252 46.5
    Being purchased 152 28.0
    Rented 135 24.9
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals