Burwood East is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3151). With a population of 10,675, the suburb has an established demographic with a median age of 41. Households earn a median income of $84K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Burwood East is $1.3 million, having risen modestly 0.4% over the past year. Units have a median price of $698,000 (+12.1% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,147.
Burwood East is served by 5 schools, including 2 primary, 1 secondary, 2 special. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 64 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Burwood East offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +0.4% year-on-year.
Burwood East is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3151). With a population of 10,675, the suburb has an established demographic with a median age of 41. Households earn a median income of $84K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Burwood East is $1.3 million, having risen modestly 0.4% over the past year. Units have a median price of $698,000 (+12.1% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,147.
Burwood East is served by 5 schools, including 2 primary, 1 secondary, 2 special. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 64 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Burwood East offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +0.4% year-on-year.