Suburb Profile Report for Burwood East VIC (3151)

Burwood East House: Median price $1,048,000, Annual capital growth 6.48%, Number of sales 95, Weekly median advertised rent $470

Burwood East Unit: Median price $660,000, Annual capital growth 5.02%, Number of sales 18, Weekly median advertised rent $455

  • 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 East, 3151 ranked 288th in VIC when comparing growth in median property values or capital gain over the last 12 months. Burwood East is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Burwood East,3151 has racked up an average of 3.00% over the period. This ranks it number 2660th in the whole country for real estate investors looking at median house price increases.

Burwood East3151 is located in VIC which offers an average discount of -6.51% to property investors. Burwood East itself is showing figures that indicate -6.98% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Burwood East being $1048000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 2.33%

Over the last year, property investments in Burwood East, 3151 have given investors a capital gain of -17.50%. This compares very badly with the 6.11% for VIC as a whole.

Burwood East,3151 has offered an average of -17.50% return per annum in house price rises to property investors over the last three years.

At number 67 in a list of fastest selling suburbs, Burwood East is in the TOP 10% of suburbs in Australia with an average of days on market 42.3636 for properties listed there.

Burwood East is 267th on a list of best yielding suburbs for rents in VIC with a 3.58% return

Metrics i HOUSE UNIT
$1,048,000 $660,000
3.87% 1.54%
3.00% -17.50%
6.48% 5.02%
$470 $455
95 18
2.33% 3.58%
60.6136363636364 42.3636363636364

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 10141
Median household income ($/weekly) 1174
Median age of persons 40
Median housing loan repayment ($/monthly) 1822
Average household size 2.7
  • Census Count Percent(%)
    25-34 years 1397 13.8
    35-44 years 1298 12.8
    45-54 years 1221 12.0
    55-64 years 1055 10.4
    65-74 years 1239 12.2
    Others 3931 38.8
    Age Group
    Census Count Percent(%)
    Registered Married 4311 52.3
    Not Married 3608 43.8
    Defacto Relationship 320 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5160 52.4
    Croatia 1110 11.3
    Hong Kong 506 5.1
    Indonesia 332 3.4
    Other 491 5.0
    Others 2243 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 793 8.4
    Christianity 5669 60.0
    Hinduism 357 3.8
    Islam 114 1.2
    No Religion 2391 25.3
    Others 122 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 381 11.6
    $600-$799 350 10.6
    $1,500-$1,999 382 11.6
    $2,000-$2,499 291 8.8
    $2,500-$2,999 273 8.3
    Others 1616 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3618 43.0
    Employed, worked full-time 2713 32.2
    Employed, worked part-time 1520 18.1
    Unemployed, looking for work 290 3.4
    Employed, away from work 276 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 11.5
    Professionals 1254 27.8
    Technicians & trades workers 546 12.1
    Clerical & administrative workers 689 15.3
    Sales 477 10.6
    Others 1022 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 165 6.2
    Infants/Primary 594 22.4
    Secondary 573 21.6
    Technical or Further Educational Institution 192 7.3
    University or other Tertiary Institutions 1039 39.2
    Others 85 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9049 92.8
    Semi-detached, row or terrace house, townhouse 601 6.2
    Flat, unit or apartment 98 1.0
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1740 49.0
    Being purchased 994 28.0
    Rented 753 21.2
    Other tenure type 64 1.8
    Tenure Type
Census 2011, ABS
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