Burnley is a small community in Victoria within the Yarra local government area (postcode 3121). With a population of 794, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $126K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Burnley is $1.6 million, having risen modestly 1.1% over the past year. Units have a median price of $337,000 (-37.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,200.
Public transport access includes 2 rail stations, 4 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Burnley offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +1.1% year-on-year.
Burnley is a small community in Victoria within the Yarra local government area (postcode 3121). With a population of 794, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $126K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Burnley is $1.6 million, having risen modestly 1.1% over the past year. Units have a median price of $337,000 (-37.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,200.
Public transport access includes 2 rail stations, 4 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Burnley offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +1.1% year-on-year.