Suburb Profile Report for Burnside Heights VIC (3023)

Burnside Heights House: Median price $607,500, Annual capital growth 6.92%, Number of sales 67, Weekly median advertised rent $415

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

If you compare the increase in value of investment property in Burnside Heights, 3023 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.66%.

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Burnside Heights, 3023. Typically our figures indicate that -7.35% is being offered, which puts this VIC suburb at 906th most discounted overall in Australia.

Property investors should expect to get $415 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$607,500 N/A
1.25% N/A
9.66% N/A
6.92% N/A
$415 N/A
67 N/A
3.55% N/A
64.48 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Burnside Heights VIC
Demographics
Total population 5000
Median household income ($/weekly) 1649
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 590 11.8
    5-14 years 780 15.6
    25-34 years 1319 26.4
    35-44 years 888 17.8
    45-54 years 478 9.6
    Others 944 18.9
    Age Group
    Census Count Percent(%)
    Registered Married 2065 59.8
    Not Married 1094 31.7
    Defacto Relationship 297 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2526 52.8
    Indonesia 276 5.8
    Philippines 334 7.0
    Viet Nam 224 4.7
    Other 485 10.1
    Others 935 19.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 374 8.0
    Christianity 2915 62.5
    Hinduism 235 5.0
    Islam 448 9.6
    No Religion 606 13.0
    Others 84 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 142 10.3
    $1,250-$1,499 145 10.5
    $1,500-$1,999 259 18.8
    $2,000-$2,499 242 17.5
    $2,500-$2,999 130 9.4
    Others 462 33.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 50.0
    Not in the labour force 822 23.6
    Employed, worked part-time 581 16.7
    Unemployed, looking for work 171 4.9
    Employed, away from work 165 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 457 18.4
    Technicians & trades workers 324 13.0
    Clerical & administrative workers 401 16.1
    Machinery operators & drivers 283 11.4
    Labourers 279 11.2
    Others 739 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 118 9.6
    Infants/Primary 475 38.6
    Secondary 331 26.9
    Technical or Further Educational Institution 98 8.0
    University or other Tertiary Institutions 153 12.4
    Others 54 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4628 95.7
    Semi-detached, row or terrace house, townhouse 171 3.5
    Flat, unit or apartment 35 0.7
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1043 70.9
    Rented 282 19.2
    Fully owned 144 9.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals