If you compare the increase in value of investment property in Burnside, 3023 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 22.53%.
Comparing Burnside,3023 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Burnside is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 281th in terms of most discounted suburbs in VIC
With the median price for a house in Burnside being $512500 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.96%