Burrill Lake is a small community in New South Wales within the Shoalhaven local government area (postcode 2539). With a population of 1,782, the suburb has a mature demographic with a median age of 48. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Burrill Lake is $1.0 million, having surged 12.9% over the past year. Units have a median price of $725,000 (+0.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,571.
Public transport access includes 20 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Burrill Lake offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.7x is considered stretched. House prices have moved +12.9% year-on-year.
Burrill Lake is a small community in New South Wales within the Shoalhaven local government area (postcode 2539). With a population of 1,782, the suburb has a mature demographic with a median age of 48. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Burrill Lake is $1.0 million, having surged 12.9% over the past year. Units have a median price of $725,000 (+0.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,571.
Public transport access includes 20 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Burrill Lake offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.7x is considered stretched. House prices have moved +12.9% year-on-year.