Burnside Heights is in the TOP 30% in VIC when comparing median price capital growth over the last year. Burnside Heights gave property investors a good capital gain figure when compared to the rest of the state, with 13.82%.
Over the longer term, Burnside Heights has seen property prices show investors a 25.00% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Burnside Heights itself are offering an average vendor discount of -4.07% to real estate investors.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.50%, investors should hope to achieve an overall return of 3.87%