Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,200,000, Annual capital growth 6.87%, Number of sales 113, Weekly median advertised rent $540

Burwood Unit: Median price $760,500, Annual capital growth 4.80%, Number of sales 116, Weekly median advertised rent $415

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Burwood is in the bottom 10% in VIC when comparing median price capital growth over the last year. Burwood gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.29%.

While Burwood,3125 ranked number 194th in VIC for increase in median house value (annualised) increase, it is ranked 433th over the last 5 years.

Sellers are offering property buyers an average discount of -6.65% to buyers in Burwood at the moment, which is less than average for the rest of VIC.

Burwood is 580th on a list of best yielding suburbs for rents in VIC with a 2.34% return

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 4.90%

When looking at the potential capital gains offered to property investors over the last 3 years, Burwood comes in at number 247th in VIC.

Burwood, 3125 is offering VIC ‘s 42th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Burwood is 365th on a list of best yielding suburbs for rents in VIC with a 2.84% return

Metrics i HOUSE UNIT
$1,200,000 $760,500
3.00% 1.33%
-6.29% 4.90%
6.87% 4.80%
$540 $415
113 116
2.34% 2.84%
63.025641025641 88.2833333333333

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 13162
Median household income ($/weekly) 1099
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1273 9.7
    20-24 years 1951 14.8
    25-34 years 1806 13.7
    35-44 years 1665 12.6
    45-54 years 1429 10.9
    Others 5039 38.3
    Age Group
    Census Count Percent(%)
    Not Married 5273 52.7
    Registered Married 4178 41.8
    Defacto Relationship 555 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 7162 57.0
    Croatia 1515 12.1
    Malta 379 3.0
    United Kingdom 395 3.1
    Other 563 4.5
    Others 2555 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 879 7.3
    Christianity 6752 55.8
    Hinduism 301 2.5
    Islam 228 1.9
    No Religion 3808 31.5
    Others 138 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 334 7.9
    $400-$599 457 10.8
    $600-$799 348 8.2
    $1,500-$1,999 464 10.9
    $2,500-$2,999 374 8.8
    Others 2271 53.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4794 44.5
    Employed, worked full-time 3119 28.9
    Employed, worked part-time 2075 19.3
    Unemployed, looking for work 498 4.6
    Employed, away from work 292 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 771 14.1
    Professionals 1636 29.8
    Community & personal service workers 577 10.5
    Clerical & administrative workers 832 15.2
    Sales 546 10.0
    Others 1120 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 211 4.7
    Infants/Primary 854 18.8
    Secondary 734 16.2
    Technical or Further Educational Institution 290 6.4
    University or other Tertiary Institutions 2306 50.9
    Others 139 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9385 77.9
    Semi-detached, row or terrace house, townhouse 1624 13.5
    Flat, unit or apartment 1030 8.6
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1783 39.5
    Rented 1423 31.5
    Being purchased 1231 27.2
    Other tenure type 81 1.8
    Tenure Type
Census 2011, ABS
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