Investment property in Burwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.97%
Burwood,3125 was ranked 1756 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Burwood, 3125. Typically our figures indicate that -8.18% is being offered, which puts this VIC suburb at 698th most discounted overall in Australia.
Renters in Suburb are facing rents around $5520 per annum or $460 every week.
Burwood is in the TOP 20% in VIC when comparing median price capital growth over the last year. Burwood gave property investors a very good capital gain figure when compared to the rest of the state, with 14.52%.
Across a shorter period, Burwood, 3125 has seen a median price increase of 2.62% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.95% offered to property buyers. Sellers in Burwood itself are offering an average vendor discount of -3.00% to real estate investors.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.71%, without taking into account capital value appreciation, which has been averaging out at 6.52%.