Suburb Profile Report for Burnley VIC (3121)

Burnley House: Median price $1,220,505, Annual capital growth 8.03%, Number of sales 10, Weekly median advertised rent $710

Burnley Unit: Median price $527,000, Annual capital growth 3.95%, Number of sales 10, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Burnley, 3121 ranked 477th in VIC when comparing growth in median property values or capital gain over the last 12 months. Burnley is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Burnley,3121 has racked up an average of 8.20% over the period. This ranks it number 1374th in the whole country for real estate investors looking at median house price increases.

Situated 4.46km from the CBD, Burnley is one of Yarra localities in the postcode 3121.

VIC has seen average median house prices change by 6.72% which means that Burnley, 3121 has done well for property investors by showing a capital gain of 13.95% over the last year

Advertised rents are around the $400 mark per week – giving a return of 3.95% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,220,505 $527,000
-0.41% N/A
8.20% 13.95%
8.03% 3.95%
$710 $400
10 10
3.02% 3.95%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 738
Median household income ($/weekly) 1833
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2
  • Census Count Percent(%)
    20-24 years 82 11.1
    25-34 years 253 34.2
    35-44 years 135 18.3
    45-54 years 67 9.1
    55-64 years 58 7.8
    Others 144 19.5
    Age Group
    Census Count Percent(%)
    Not Married 331 53.3
    Registered Married 168 27.1
    Defacto Relationship 122 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 523 73.1
    Indonesia 26 3.6
    Papua New Guinea 18 2.5
    United Kingdom 39 5.5
    Other 16 2.2
    Others 93 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 2.9
    Christianity 331 48.2
    Hinduism 17 2.5
    Islam 14 2.0
    No Religion 296 43.1
    Others 9 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 51 15.5
    $2,000-$2,499 29 8.8
    $2,500-$2,999 49 14.9
    $3,000-$3,499 28 8.5
    $4,000 or more 27 8.2
    Others 145 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 372 57.7
    Employed, worked part-time 113 17.5
    Not in the labour force 106 16.4
    Employed, away from work 30 4.7
    Unemployed, looking for work 24 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 83 16.1
    Professionals 209 40.6
    Technicians & trades workers 44 8.5
    Community & personal service workers 44 8.5
    Clerical & administrative workers 74 14.4
    Others 61 11.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 30 22.4
    Secondary 17 12.7
    Technical or Further Educational Institution 9 6.7
    University or other Tertiary Institutions 64 47.8
    Other type of educational institution 8 6.0
    Others 6 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 289 39.6
    Flat, unit or apartment 234 32.1
    Separate house 203 27.8
    House or flat attached to a shop, office 3 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 175 50.6
    Being purchased 112 32.4
    Fully owned 59 17.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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