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