Suburb Profile Report for Burnside SA (5066)

Burnside House: Median price $899,750, Annual capital growth 3.07%, Number of sales 46, Weekly median advertised rent $525

Burnside Unit: Median price $577,500, Annual capital growth 4.24%, Number of sales 24, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Burnside, 5066 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 8.80%.

Across a shorter period, Burnside, 5066 has seen a median price increase of -0.36% over the last quarter.

At number 204th of SA’s most discounted properties, Burnside is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Burnside the average time real estate has been on the market is 71.79 days.

Situated 6.36km from the CBD, Burnside is one of Burnside localities in the postcode 5066.

Property value increases in Burnside have tracked higher than the SA average of 2.87% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burnside has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Burnside should be aiming for at least -3.93% off the asking price, which is the average vendor discount being achieved at the moment.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 4.24%.

Information supplied by:


July 2017

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Burnside's median profit margin of $202,500 was the highest in South Australia for the quarter ending December 2016, according to CoreLogic data.Full summary

Despite Adelaide’s pessimistic market outlook, there are still some bright spots in the area.

“For buyers wanting a nearly assured return on their investment, Burnside is the hottest property in town,” says Gregg Harris, general manager of NAB Retail. 

“The leafy eastern suburb’s median profit margin of $202,500 was the highest in the state for the quarter ending December 2016, according to CoreLogic data.”

This suggests that the suburb is getting much demand even with prices dropping. For the unit market, this could be due in part to the median apartment price being below $450,000. Moreover, Burnside is just a 15-minute drive from Adelaide, making it a highly convenient dwelling place.

Close
Metrics i HOUSE UNIT
$899,750 $577,500
-0.36% -2.94%
8.80% 28.33%
3.07% 4.24%
$525 $370
46 24
3.03% 3.33%
71.79 73.14

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2671
Median household income ($/weekly) 1567
Median age of persons 44
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 327 12.2
    35-44 years 327 12.2
    45-54 years 393 14.7
    55-64 years 351 13.1
    65-74 years 328 12.3
    Others 946 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 1159 55.6
    Not Married 828 39.8
    Defacto Relationship 96 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1807 69.9
    Croatia 69 2.7
    Indonesia 46 1.8
    United Kingdom 217 8.4
    Other 131 5.1
    Others 315 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 2.7
    Christianity 1576 64.7
    Hinduism 46 1.9
    Islam 51 2.1
    No Religion 676 27.8
    Others 22 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 82 8.5
    $1,500-$1,999 92 9.6
    $2,500-$2,999 118 12.3
    $3,000-$3,499 86 8.9
    $4,000 or more 84 8.7
    Others 501 52.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 807 37.5
    Employed, worked full-time 739 34.4
    Employed, worked part-time 489 22.7
    Employed, away from work 72 3.3
    Unemployed, looking for work 43 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 222 17.1
    Professionals 502 38.6
    Community & personal service workers 120 9.2
    Clerical & administrative workers 172 13.2
    Sales 119 9.1
    Others 166 12.8
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.4
    Infants/Primary 249 36.8
    Secondary 161 23.8
    Technical or Further Educational Institution 34 5.0
    University or other Tertiary Institutions 187 27.6
    Others 16 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1966 77.2
    Semi-detached, row or terrace house, townhouse 326 12.8
    Flat, unit or apartment 253 9.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 515 49.0
    Being purchased 354 33.7
    Rented 171 16.3
    Other tenure type 12 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals