Suburb Profile Report for Burnside Heights VIC (3023)

Burnside Heights House: Median price $507,500, Annual capital growth 6.02%, Number of sales 78, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

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%.

HOUSE UNIT
$507,500 N/A
-0.49% N/A
10.33% N/A
6.02% N/A
$400 N/A
78 N/A
4.10% N/A
55.62 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
Find a mortgage broker in Burnside Heights VIC
Demographics
Total population 5000
Median household income ($/weekly) 1649
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 590 11.8
    5-14 years 780 15.6
    25-34 years 1319 26.4
    35-44 years 888 17.8
    45-54 years 478 9.6
    Others 944 18.9
    Age Group
    Census Count Percent(%)
    Registered Married 2065 59.8
    Not Married 1094 31.7
    Defacto Relationship 297 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2526 52.8
    Indonesia 276 5.8
    Philippines 334 7.0
    Viet Nam 224 4.7
    Other 485 10.1
    Others 935 19.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 374 8.0
    Christianity 2915 62.5
    Hinduism 235 5.0
    Islam 448 9.6
    No Religion 606 13.0
    Others 84 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 142 10.3
    $1,250-$1,499 145 10.5
    $1,500-$1,999 259 18.8
    $2,000-$2,499 242 17.5
    $2,500-$2,999 130 9.4
    Others 462 33.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 50.0
    Not in the labour force 822 23.6
    Employed, worked part-time 581 16.7
    Unemployed, looking for work 171 4.9
    Employed, away from work 165 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 457 18.4
    Technicians & trades workers 324 13.0
    Clerical & administrative workers 401 16.1
    Machinery operators & drivers 283 11.4
    Labourers 279 11.2
    Others 739 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 118 9.6
    Infants/Primary 475 38.6
    Secondary 331 26.9
    Technical or Further Educational Institution 98 8.0
    University or other Tertiary Institutions 153 12.4
    Others 54 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4628 95.7
    Semi-detached, row or terrace house, townhouse 171 3.5
    Flat, unit or apartment 35 0.7
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1043 70.9
    Rented 282 19.2
    Fully owned 144 9.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals