At number 2163th in the list of Australian suburbs ordered by increase in median house value over the last year, Burnside, 5066 is in the BOTTOM 50% with a property value increase of 6.64% recorded in median house prices.
Comparing Burnside,5066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Burnside 5066 should be seeing an average reduction in asking price of around -7.32% . This means that Burnside is holding prices well when compared to other suburbs in SA.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
Over the last year, property investments in Burnside, 5066 have given investors a capital gain of 39.81%. This compares very favourably with the 2.69% for SA as a whole.
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.
Vendor discounting in Burnside is giving property investors an average Vendor Discount of around -4.07%. This puts suburb at number 150th in SA when ranking the most discounted suburbs.
Situated 5.63km from the CBD, Burnside is one of Burnside localities in the postcode 5066.
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
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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