Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,305,000, Annual capital growth 10.65%, Number of sales 157, Weekly median advertised rent $475

Burwood Unit: Median price $706,000, Annual capital growth 6.45%, Number of sales 140, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Burwood is an average performer in VIC when comparing median price capital growth over the last year. Burwood gave property investors a average capital gain figure when compared to the rest of the state, with 11.92%.

If we look at median property appreciation over just the last three months, Burwood has given property investors a paper return of 4.19%. This puts Suburb as 203 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Burwood should be aiming for at least -3.92% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $5700 per annum or $475 every week.

Property value increases in Burwood have tracked higher than the VIC average of 4.90% over the last 12 months.

Burwood,3125 was ranked 631 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.83% offered to property buyers. Sellers in Burwood itself are offering an average vendor discount of -4.00% to real estate investors.

Often selling an investment property can take time, and in Burwood the average time real estate has been on the market is 104.02 days.

Advertised rents are around the $390 mark per week – giving a return of 2.87% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,305,000 $706,000
4.19% 2.05%
11.92% 15.83%
10.65% 6.45%
$475 $390
157 140
1.89% 2.87%
79.92 104.02

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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