Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,196,600, Annual capital growth 10.06%, Number of sales 151, Weekly median advertised rent $455

Burwood Unit: Median price $691,925, Annual capital growth 6.43%, Number of sales 109, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Burwood have tracked just lower than the VIC average of 7.68% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burwood has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Burwood is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 168th in terms of most discounted suburbs in VIC

Situated 13.71km from the CBD, Burwood is one of Whitehorse localities in the postcode 3125.

At number 1247th in the list of Australian suburbs ordered by increase in median house value over the last year, Burwood, 3125 is in the BOTTOM 30% with a property value increase of -1.99% recorded in median house prices.

If we look at median property appreciation over just the last three months, Burwood has given property investors a paper return of -0.94%. This puts Suburb as 248 on a list of fastest fasting appreciating suburbs in VIC

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 -6.80% is being offered, which puts this VIC suburb at 306th most discounted overall in Australia.

On average over the past year, suburb has had 9.08 sales per month, which equates to 109 per year.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.08%, without taking into account capital value appreciation, which has been averaging out at 6.43%.

HOUSE UNIT
$1,196,600 $691,925
3.16% -0.94%
6.36% -1.99%
10.06% 6.43%
$455 $410
151 109
1.98% 3.08%
94.1 81.65

Source: CoreLogic

DSR Score for property investment : Good (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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