Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,225,000, Annual capital growth 10.42%, Number of sales 148, Weekly median advertised rent $460

Burwood Unit: Median price $691,850, Annual capital growth 6.72%, Number of sales 109, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

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 3.81%

Over the longer term, Burwood has seen property prices show investors a 59.09% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Burwood should be aiming for at least -8.45% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Burwood the average time real estate has been on the market is 89.85 days.

Advertised rents are around the $460 mark per week – giving a return of 1.95% based on the median price in Suburb

Burwood, 3125 ranked 269th in VIC when comparing growth in median property values or capital gain over the last 12 months. Burwood is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Burwood,3125 has racked up an average of -0.45% over the period. This ranks it number 632th in the whole country for real estate investors looking at median house price increases.

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 -6.15% is being offered, which puts this VIC suburb at 471th most discounted overall in Australia.

Burwood, 3125’s gross rental yield is 2.86%

Metrics i HOUSE UNIT
$1,225,000 $691,850
3.73% -0.02%
3.81% -0.45%
10.42% 6.72%
$460 $380
148 109
1.95% 2.86%
89.85 95.57

Source: CoreLogic

DSR Score for property investment : Balanced (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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Recent sales & rentals