Burnside is a mid-sized suburb in Victoria within the Melton local government area (postcode 3023). With a population of 5,800, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $97K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Filipino.
The median house price in Burnside is $730,000, having declined 3% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,000.
Burnside is served by 1 school, including 1 primary. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Burnside offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($730K/$875K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.0% year-on-year.
Burnside is a mid-sized suburb in Victoria within the Melton local government area (postcode 3023). With a population of 5,800, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $97K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Filipino.
The median house price in Burnside is $730,000, having declined 3% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,000.
Burnside is served by 1 school, including 1 primary. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Burnside offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($730K/$875K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.0% year-on-year.