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Burwood, VIC 3125

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Burwood, VIC 3125 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Burwood, VIC 3125”

  1. The total adult population (15 years or older) of Burwood 3125 VIC is 13,128, with a median age of 34. Of those, 40.01% are married, 8.78% are divorced or separated, 45.92% are single and 5.28% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,968. The median monthly mortgage repayment for households in this suburb is $2,500 which is 27.88% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of Burwood 3125 is home to approximately 7,755 households. As we step into Q3 of 2023, the property landscape of Burwood 3125 presents an intriguing scenario for discerning property investors and buyers.

    The typical price point for houses in Burwood stands at a robust $1,459,375. Secure a property here, and you can expect to draw in a median weekly rent of about $544. This results in an indicative yield of about 1.94%, not an ideal situation in a market where yields over 3% are more favoured by most cashflow-focused property investors.

    The area boasts an IRSAD score of 1060 out of a possible 1217, indicating that the suburb houses a population with a relatively high socio-economic status. However, it’s important to keep in mind the 37% renter to owner ratio, a figure that might give some investors pause. Optimal property markets aim for a ratio of 30% or below to reduce certain risks and competition within the investor pool.

    The units to houses ratio in Burwood is at 24%, suggesting a market with less competition among landlords and a potential for higher rental yields. There is a prevalence of houses over units in this market, which traditionally attracts a larger pool of families intending longer tenancy periods.

    The affordability index or years to own metric lands at a whopping 64 years for Burwood’s houses. This means that a standard 30-year mortgage would take over double its lifespan to fully own a house in the area, portraying an image of decreasing affordability.

    When it comes to supply, Burwood exhibits a mere 0.18% of stock on market Percentage, indicating a decidedly low and therefore favourable supply of houses. Furthermore, with an inventory level of 0.73 months, it signals a market capable of quickly absorbing new listings.

    However, looking at the building approvals Ratio of 2.39%, we notice an increased approval of new dwellings, indicating a potential future rise in supply.

    Bearing in mind the demand side, Burwood’s average of 27 days on market suggests a relatively high demand for properties in the area. This is further supported by a vacancy rate of 1.39%, lower than the 3.5% that would suggest low demand.

    Finally, the buy search index for houses is 4, which is slightly above the lower limit, thus suggesting a neutral level of market demand overall.

    Although some metrics are not within the ideal range, a majority of them present favourably, making Burwood 3125 a suburb worth keeping on your property investment or purchase radar. Remember, just like the RCS metric used by HtAG Analytics, it’s about analysing the collective performance of various metrics, as well as keeping keenly abreast of market trends for astute real estate decision making.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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