Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,168,000, Annual capital growth 10.05%, Number of sales 163, Weekly median advertised rent $450

Burwood Unit: Median price $691,925, Annual capital growth 6.84%, Number of sales 113, Weekly median advertised rent $392

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$1,168,000 $691,925
-1.02% 2.51%
6.18% -1.15%
10.05% 6.84%
$450 $392
163 113
2.00% 2.94%
87.9 85.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13162
Median household income ($/weekly) 1099
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1273 9.7
    20-24 years 1951 14.8
    25-34 years 1806 13.7
    35-44 years 1665 12.6
    45-54 years 1429 10.9
    Others 5039 38.3
    Age Group
    Census Count Percent(%)
    Not Married 5273 52.7
    Registered Married 4178 41.8
    Defacto Relationship 555 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 7162 57.0
    Croatia 1515 12.1
    Malta 379 3.0
    United Kingdom 395 3.1
    Other 563 4.5
    Others 2555 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 879 7.3
    Christianity 6752 55.8
    Hinduism 301 2.5
    Islam 228 1.9
    No Religion 3808 31.5
    Others 138 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 334 7.9
    $400-$599 457 10.8
    $600-$799 348 8.2
    $1,500-$1,999 464 10.9
    $2,500-$2,999 374 8.8
    Others 2271 53.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4794 44.5
    Employed, worked full-time 3119 28.9
    Employed, worked part-time 2075 19.3
    Unemployed, looking for work 498 4.6
    Employed, away from work 292 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 771 14.1
    Professionals 1636 29.8
    Community & personal service workers 577 10.5
    Clerical & administrative workers 832 15.2
    Sales 546 10.0
    Others 1120 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 211 4.7
    Infants/Primary 854 18.8
    Secondary 734 16.2
    Technical or Further Educational Institution 290 6.4
    University or other Tertiary Institutions 2306 50.9
    Others 139 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9385 77.9
    Semi-detached, row or terrace house, townhouse 1624 13.5
    Flat, unit or apartment 1030 8.6
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1783 39.5
    Rented 1423 31.5
    Being purchased 1231 27.2
    Other tenure type 81 1.8
    Tenure Type
Census 2011, ABS
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