Suburb Profile Report for Burnside VIC (3023)

Burnside House: Median price $576,000, Annual capital growth 7.65%, Number of sales 54, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

Burnside is in the TOP 10% in VIC when comparing median price capital growth over the last year. Burnside gave property investors a very good capital gain figure when compared to the rest of the state, with 28.72%.

Burnside,3023 has offered an average of 28.72% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Burnside itself are offering an average vendor discount of -3.07% to real estate investors.

With the median price for a house in Burnside being $576000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.52%

Metrics i HOUSE UNIT
$576,000 N/A
4.73% N/A
28.72% N/A
7.65% N/A
$390 N/A
54 N/A
3.52% N/A
23.75 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4385
Median household income ($/weekly) 1241
Median age of persons 36
Median housing loan repayment ($/monthly) 1731
Average household size 3
  • Census Count Percent(%)
    5-14 years 653 14.9
    25-34 years 565 12.9
    35-44 years 662 15.1
    45-54 years 621 14.2
    55-64 years 424 9.7
    Others 1460 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 1733 55.2
    Not Married 1221 38.9
    Defacto Relationship 186 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2342 56.5
    Netherlands 115 2.8
    Philippines 287 6.9
    Viet Nam 156 3.8
    Other 503 12.1
    Others 742 17.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 282 7.0
    Christianity 2972 73.5
    Hinduism 54 1.3
    Islam 251 6.2
    No Religion 445 11.0
    Others 37 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 123 10.0
    $600-$799 130 10.5
    $800-$999 124 10.0
    $1,500-$1,999 194 15.7
    $2,000-$2,499 138 11.2
    Others 525 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1274 38.9
    Employed, worked full-time 1247 38.1
    Employed, worked part-time 511 15.6
    Employed, away from work 130 4.0
    Unemployed, looking for work 109 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 232 12.3
    Technicians & trades workers 260 13.8
    Clerical & administrative workers 277 14.7
    Machinery operators & drivers 266 14.1
    Labourers 301 16.0
    Others 550 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 79 7.0
    Infants/Primary 408 36.3
    Secondary 317 28.2
    Technical or Further Educational Institution 110 9.8
    University or other Tertiary Institutions 153 13.6
    Others 57 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3856 93.1
    Semi-detached, row or terrace house, townhouse 250 6.0
    Flat, unit or apartment 37 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 751 56.9
    Fully owned 363 27.5
    Rented 135 10.2
    Other tenure type 70 5.3
    Tenure Type
Census 2011, ABS
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