Investment property in Burwood has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.88%
Comparing Burwood,2134 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors should expect to get $720 weekly from the median priced house in this suburb.
Burwood has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.89% to date .
While Burwood,2134 ranked number 175th in NSW for increase in median house value (annualised) increase, it is ranked 295th over the last 5 years.
Property buyers and investors in Burwood 2134 should be seeing an average reduction in asking price of around -4.45% . This means that Burwood is holding prices well when compared to other suburbs in NSW.
Information supplied by:
Burwood, NSW – Unit stock rises in Sydney’s inner west
Median unit price: $845,000
Stock on market: 58.5%
12-month growth: 5.6%
A suburb that is tucked right in the heart of Sydney’s Inner West, around 10km from the CBD, Burwood serves as the administrative centre of the Burwood Council LGA.
The Appian Way strip in Burwood is famous for its collection of Federation-style homes, and has been listed as a heritage site by the state. A reserve established in the midst of this street has since been converted into a lawn tennis club. Burwood Park on Burwood Road contains a cricket oval, a playground and a lake. It also has a memorial to soldiers who died in World War I, and an obelisk highlighting the site of the first house in Burwood.