VIC has seen average median house prices change by 7.80% which means that Burwood, 3125 has done well for property investors by showing a capital gain of 6.18% over the last year
While Burwood,3125 ranked number 552th in VIC for increase in median house value (annualised) increase, it is ranked 51th over the last 5 years.
Our latest figures would indicate that property sellers in Burwood are currently offering property investors an average price cut of -8.01% below the asking price at the moment.
At number 2185 in a list of fastest selling suburbs, Burwood is just in the bottom half of suburbs in Australia with an average of days on market 87.9 for properties listed there.
Burwood is 563th on a list of best yielding suburbs for rents in VIC with a 2.00% return
At number 1197th in the list of Australian suburbs ordered by increase in median house value over the last year, Burwood, 3125 is in the BOTTOM 40% with a property value increase of -1.15% recorded in median house prices.
Burwood,3125 was ranked 431 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Burwood is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 57th in terms of most discounted suburbs in VIC
Burwood is 358th on a list of best yielding suburbs for rents in VIC with a 2.94% return