Investment property in Burnside Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.33%
If we look at median property appreciation over just the last three months, Burnside Heights has given property investors a paper return of -0.49%. This puts Suburb as 546 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Burnside Heights is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 520th in terms of most discounted suburbs in VIC
At number 701 in a list of fastest selling suburbs, Burnside Heights is in the TOP 20% of suburbs in Australia with an average of days on market 55.62 for properties listed there.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 6.02%.