Suburb Profile Report for Burwood VIC (3125)

Burwood House: Median price $1,360,000, Annual capital growth 8.07%, Number of sales 153, Weekly median advertised rent $500

Burwood Unit: Median price $749,900, Annual capital growth 8.49%, Number of sales 117, Weekly median advertised rent $400

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

Giving property investors a an average capital gain of 3.35% for the last year, Burwood, 3125 is the 2041th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Burwood has given property investors a paper return of -1.09%. This puts Suburb as 513 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Burwood is offering property investors an average of -5.39. This rate of discount on properties puts Suburb at number 137th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 8.07%, investors should hope to achieve an overall return of 1.91%

At number 679th in the list of Australian suburbs ordered by increase in median house value over the last year, Burwood, 3125 is in the top 40% with a property value increase of 4.44% recorded in median house prices.

A 39.16% growth in median value for property investors in Burwood,3125 puts this suburb at number 134th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.82% offered to property buyers. Sellers in Burwood itself are offering an average vendor discount of -2.98% to real estate investors.

Often selling an investment property can take time, and in Burwood the average time real estate has been on the market is 79.16 days.

Metrics i HOUSE UNIT
$1,360,000 $749,900
-1.09% 1.34%
3.35% 4.44%
8.07% 8.49%
$500 $400
153 117
1.91% 2.77%
74.89 79.16

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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