Suburb Profile Report for Burwood East VIC (3151)

Burwood East House: Median price $1,006,500, Annual capital growth 10.53%, Number of sales 111, Weekly median advertised rent $450

Burwood East Unit: Median price $605,000, Annual capital growth 7.91%, Number of sales 11, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Burwood East is in the bottom 30% in VIC when comparing median price capital growth over the last year. Burwood East gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.98%.

Burwood East,3151 was ranked 977 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 -6.04% offered to property buyers. Sellers in Burwood East itself are offering an average vendor discount of -3.61% to real estate investors.

On average over the past year, suburb has had 9.25 sales per month, which equates to 111 per year.

The VIC suburb of Burwood East, 3151 is in the Whitehorse local government area.

Investment property in Burwood East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.40%

Comparing Burwood East,3151 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The VIC suburb of Burwood East, 3151 is in the Whitehorse local government area.

HOUSE UNIT
$1,006,500 $605,000
3.44% -1.63%
3.98% -8.40%
10.53% 7.91%
$450 $395
111 11
2.32% 3.40%
64.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10141
Median household income ($/weekly) 1174
Median age of persons 40
Median housing loan repayment ($/monthly) 1822
Average household size 2.7
  • Census Count Percent(%)
    25-34 years 1397 13.8
    35-44 years 1298 12.8
    45-54 years 1221 12.0
    55-64 years 1055 10.4
    65-74 years 1239 12.2
    Others 3931 38.8
    Age Group
    Census Count Percent(%)
    Registered Married 4311 52.3
    Not Married 3608 43.8
    Defacto Relationship 320 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5160 52.4
    Croatia 1110 11.3
    Hong Kong 506 5.1
    Indonesia 332 3.4
    Other 491 5.0
    Others 2243 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 793 8.4
    Christianity 5669 60.0
    Hinduism 357 3.8
    Islam 114 1.2
    No Religion 2391 25.3
    Others 122 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 381 11.6
    $600-$799 350 10.6
    $1,500-$1,999 382 11.6
    $2,000-$2,499 291 8.8
    $2,500-$2,999 273 8.3
    Others 1616 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3618 43.0
    Employed, worked full-time 2713 32.2
    Employed, worked part-time 1520 18.1
    Unemployed, looking for work 290 3.4
    Employed, away from work 276 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 11.5
    Professionals 1254 27.8
    Technicians & trades workers 546 12.1
    Clerical & administrative workers 689 15.3
    Sales 477 10.6
    Others 1022 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 165 6.2
    Infants/Primary 594 22.4
    Secondary 573 21.6
    Technical or Further Educational Institution 192 7.3
    University or other Tertiary Institutions 1039 39.2
    Others 85 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9049 92.8
    Semi-detached, row or terrace house, townhouse 601 6.2
    Flat, unit or apartment 98 1.0
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1740 49.0
    Being purchased 994 28.0
    Rented 753 21.2
    Other tenure type 64 1.8
    Tenure Type
Census 2011, ABS
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