Burwood is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3125). With a population of 15,147, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $88K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Burwood is $1.4 million, having dropped significantly 8.4% over the past year. Units have a median price of $788,000 (-8.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
Burwood is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1163, which is well above the national average of 1,000. Public transport access includes 18 rail stations, 63 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Burwood offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 15.6x is considered stretched. House prices have moved -8.4% year-on-year.
Burwood is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3125). With a population of 15,147, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $88K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Burwood is $1.4 million, having dropped significantly 8.4% over the past year. Units have a median price of $788,000 (-8.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
Burwood is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1163, which is well above the national average of 1,000. Public transport access includes 18 rail stations, 63 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Burwood offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 15.6x is considered stretched. House prices have moved -8.4% year-on-year.