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%.