Giving property investors a an average capital gain of 4.07% for the last year, Burnside, 5066 is the 2054th highest performer in Australia in this respect.
Over the longer term, Burnside has seen property prices show investors a 21.78% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Burnside is offering property investors an average of -6.55. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in SA
In the last year 59 properties changed hands in Burnside, which puts it as the 155th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 5.02%, investors should hope to achieve an overall return of 2.88%
Property value increases in Burnside have tracked just higher than the SA average of 4.44% over the last 12 months.
Taking the average capital gain, or increase in median house value, Burnside,5066 has racked up an average of 8.18% over the period. This ranks it number 1175th in the whole country for real estate investors looking at median house price increases.
Burnside5066 is located in SA which offers an average discount of -6.20% to property investors. Burnside itself is showing figures that indicate -6.82% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.