Suburb Profile Report for Burswood WA (6100)

Burswood House: Median price $632,500, Annual capital growth -8.77%, Number of sales 13, Weekly median advertised rent $485

Burswood Unit: Median price $746,500, Annual capital growth -1.23%, Number of sales 54, Weekly median advertised rent $485

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Burswood have tracked lower than the WA average of -3.96% over the last 12 months.

A -3.80% growth in median value for property investors in Burswood,6100 puts this suburb at number 406th in terms of best performing suburbs in WA

Property investors looking for a bargain in Burswood should be aiming for at least -6.74% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Burswood have been waiting around 78.3 days to sell a property.

The WA suburb of Burswood, 6100 is in the Victoria Park local government area.

If you compare the increase in value of investment property in Burswood, 6100 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 6.26%.

When looking at the potential capital gains offered to property investors over the last 3 years, Burswood comes in at number 6th in WA.

Burswood6100 is located in WA which offers an average discount of -8.73% to property investors. Burswood itself is showing figures that indicate -7.36% is the average achievable by property buyers investing in the suburb.

Situated 3.79km from the CBD, Burswood is one of Victoria Park localities in the postcode 6100.

Barbara Holmes Information supplied by:

Barbara Holmes
Blue Chip Real Estate

M 08 9470 6231
O 0414 318 324

W http://www.bluechiprealestate.net.au/
E barbara@bluechiprealestate.net.au
Burswood is the future entertainment hub of Perth, with projects like the new Burswood Entertainment & Football Stadium planned, a $605,000,000 extension currently being added to the casino and the proposed only six star hotel in Australia ready to commence this year. The new Burswood Apartments next to this hub is only a few minutes to the City and about 10 minutes to the airport so the rental returns are around 5% due to the F.I.F.O. for the mining north of W.A.Full summary

Main selling points?
Burswood is the future entertainment hub of Perth, with projects like the new Burswood Entertainment & Football Stadium planned, a $605,000,000 extension currently being added to the casino and the proposed only six star hotel in Australia ready to commence this year.  The new Burswood Apartments next to this hub is only a few minutes to the City and about 10 minutes to the airport so the rental returns are around 5% due to the F.I.F.O. for the mining north of W.A.

Most sought after properties:
2 Bedroom Units because the appeal to both the home buyer and the investor they range from $580,000 - $900,000 depending of the views.

Most common properties:
Two and Three bedroom new apartments

Top amenities:
Good mix of both private and public schools, Top of the range Restaurants, Close to City for all types of retail shopping, Close to both North and South of the River, great road access& Train Station.

Main industries:
A mix of businesses like car yards, and as already mentioned the casino, retail and cafes.

Recent changes:
Major developments in the last 10 years Mirvac have built a 600 – 700 Units and Town House Complex with amazing Parks, Café and Restaurant and Golf Course.

Best streets:
The 5 towers and townhouses in the Mirvac Complex because they had a bit of oversupply over the last 2 years and the prices are now affordable especially as a good long term investment due to the rental returns and the proposed sporting and recreational facilities that have been planned.

Public transport:
About 8 out of 10 the Train Station is very central and goes straight to the city, buses run along Great Eastern Highway every few minutes.

Access:
The Graham Farther Freeway will take to to Scarborough Beach, into the City and the Northern Suburbs.  The Great Eastern Hwy will take you to Fremantle and the Southern Suburbs and over the Causeway into the City.  This is only 2-3 minutes from the City and very Central.

Information provided by:

Barbara Holmes
Blue Chip Real Estate 

0414 318 324 
(08) 9470 6231

barbara@bluechiprealestate.net.au
www.bluechiprealestate.net.au

Close
Metrics i HOUSE UNIT
$632,500 $746,500
-18.28% 12.26%
-40.61% 6.26%
-8.77% -1.23%
$485 $485
13 54
3.99% 3.38%
78.3 126.8

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 2029
Median household income ($/weekly) 1877
Median age of persons 38
Median housing loan repayment ($/monthly) 2600
Average household size 2
  • Census Count Percent(%)
    20-24 years 207 10.2
    25-34 years 489 24.1
    35-44 years 285 14.0
    45-54 years 316 15.6
    55-64 years 331 16.3
    Others 401 19.8
    Age Group
    Census Count Percent(%)
    Not Married 694 46.4
    Registered Married 630 42.1
    Defacto Relationship 173 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 780 45.7
    Malta 70 4.1
    Papua New Guinea 71 4.2
    United Kingdom 188 11.0
    Other 171 10.0
    Others 427 25.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 5.9
    Christianity 917 55.3
    Hinduism 70 4.2
    Islam 55 3.3
    No Religion 474 28.6
    Others 44 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 57 7.6
    $1,500-$1,999 87 11.6
    $2,000-$2,499 60 8.0
    $2,500-$2,999 142 18.9
    $3,000-$3,499 62 8.3
    Others 342 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 862 54.2
    Not in the labour force 367 23.1
    Employed, worked part-time 272 17.1
    Employed, away from work 45 2.8
    Unemployed, looking for work 43 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 245 20.7
    Professionals 305 25.8
    Technicians & trades workers 141 11.9
    Community & personal service workers 100 8.5
    Clerical & administrative workers 161 13.6
    Others 230 19.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 52 15.7
    Secondary 51 15.4
    Technical or Further Educational Institution 63 19.0
    University or other Tertiary Institutions 150 45.3
    Other type of educational institution 11 3.3
    Others 4 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 834 50.5
    Semi-detached, row or terrace house, townhouse 457 27.6
    Separate house 362 21.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 432 53.4
    Being purchased 200 24.7
    Fully owned 173 21.4
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals