News
Burwood Real Estate Investment
Nov
Imagine stepping into a suburb where every corner is an opportunity. The streets are not just lined with homes but with dreams becoming reality. Welcome to Burwood, a dynamic suburb in Australia making waves in real estate. For those who see property as more than just a home, as a key to wealth and growth, Burwood is a market you can’t ignore.
Investment opportunities in Burwood stand out. Located just 12 kilometres west of Sydney’s CBD, Burwood combines modern living with traditional charm. For 13 years, Burwood Partners Real Estate Agents have driven this transformation. With over 23 years of experience, they’ve managed more than 3000 properties, becoming a cornerstone of the market.
Consider David Shi, who sold five properties last year, or Melody Wu, who’s currently managing nine rentals. The team at Burwood Partners showcases excellence. Their expertise ensures your real estate journey in Burwood is not just a transaction, but a rich, promising experience.
Recently, Burwood’s real estate has seen remarkable growth. Projects like Aurora by Austwood Homes and Grace Towers in Lidcombe show high capital growth and low vacancy rates. But it’s not just the numbers; it’s the community, security, and future growth Burwood offers its investors.
Key Takeaways
- Burwood is a prominent suburb just 12 km west of Sydney’s CBD, blending modernity and tradition.
- Burwood Partners Real Estate Agents have managed over 3000 properties with over 23 years of industry experience.
- David Shi and Melody Wu of Burwood Partners are notable names, actively managing and selling properties in the area.
- Recent projects like Aurora and Grace Towers highlight Burwood’s capital growth potential and low vacancy rates.
- Investment in Burwood is not just about financial gain but also about community, security, and assured future growth.
Understanding the Burwood Property Market
The Burwood property market is ever-changing, marked by distinct trends and key influences. The area’s population is on the rise, alongside a notable change in property ownership patterns. For investors, grasping these elements is crucial in making informed decisions.
Housing Trends in Burwood
Burwood’s housing market has seen remarkable growth. Currently, there are 75 houses on sale, with a median price of $3,300,000. This indicates a significant annual capital growth of 28.91%. With 57 houses sold in the last year and an average time on the market of 34 days, demand is high.
The rental sphere is equally thriving, providing a yield of 1.85%. The median weekly rent stands at $835. Notably, houses have shown a quarterly increase of 10.83%. Over the past year, growth reached an impressive 28.91%.
Factors Influencing Market Dynamics
The market dynamics in Burwood are shaped by several factors. The area’s population has surged by 28.4%, going from 12,466 in 2011 to 16,011 in 2016. The general age group is 20-29 years. Housing trends indicate a preference for childless couples in professional jobs, managing mortgage payments between $1800 and $2399 monthly.
A shift in home ownership has been observed; from 50.3% owner-occupied homes in 2011 to 42.1% in 2016. Furthermore, 234 units are up for sale at a median price of $942,500, showing an annual growth of 0.80%. Despite a slight drop of -0.37% over the last quarter, units have experienced slight annual growth.
Grasping these factors offers a more defined view of Burwood’s property market. It highlights how current trends and economic indicators play a pivotal role. For investors, this understanding is key to navigating and capitalising on opportunities within Burwood’s real estate landscape.
Types of Real Estate Investments in Burwood
Burwood is a hotspot for diverse real estate investments, attracting savvy investors with its range of options. The suburb boasts luxurious houses, practical townhouses, and affordable units. Each option suits different investment strategies and preferences. Let’s delve into the real estate opportunities available in Burwood.
Houses
Houses in Burwood are highly sought after, making them a wise investment. Their spaciousness and large land sizes draw premium prices. The housing market in Burwood thrives due to its ideal location and easy access to Sydney’s CBD. This plays a significant role in Sydney’s real estate scene, with the median dwelling value reaching $1,139,375.
Townhouses
Townhouses offer a sweet spot of affordability and living space in Burwood. They provide more room and privacy than units but cost less than houses. The Sydney Metro West project boosts interest in nearby areas like Five Dock. Such developments increase the attractiveness of investing in townhouses.
Units
Units in Burwood stand out for their affordability, especially considering Sydney’s broader property market. They offer low entry prices and promising rental yields. In areas like the Inner West, units have outperformed houses in price growth. Burwood expects to maintain its value, making units a steadfast investment choice.
Current Median Prices for Burwood Properties
Burwood, known for its premium property market, presents a variety of investment opportunities with its current median prices. This provides essential insights for those considering purchasing a property in this sought-after suburb.
Median House Prices
The current Burwood median house prices stand at $2,800,000. This reflects a slight decrease of 1.3% over the past 12 months. Such consistent high value indicates the suburb’s resilience and desirability. It’s seen as a premium area when compared to other regions.
Median Townhouse Prices
Townhouse costs in Burwood have remained competitive, with the median price at $1,350,000. This figure underlines the substantial investment required for those interested in townhouses. Yet, it highlights the potential benefits of investing in a market known for robust demand.
Median Unit Prices
Units in Burwood present a more affordable option, with the current median price at $800,000. This shows a 13% decline over the past year. Despite the decrease, unit prices in Burwood continue to attract investors. This is due to the suburb’s overall appeal and strategic location.
Overall, whether you’re considering Burwood median house prices, townhouse costs, or unit prices in Burwood, the suburb offers diverse options. These cater to different budgets and investment strategies.
Rental Yields in Burwood: What to Expect
The Burwood rental market is gaining traction among investors and renters. Its close proximity to Melbourne’s Central Business District and Deakin University’s presence boosts its appeal. A variety of housing options, including traditional homes, modern apartments, and townhouses, meets diverse investor needs.
Weekly Rent Averages
The average weekly rent in Burwood is quite impressive. Houses typically rent for up to $835, whereas weekly rent for units is around $772. These rates show strong rental income potential in Burwood, reflecting its growing attractiveness.
Annual Rental Yields
Examining annual returns, Burwood’s investment profitability is clear. Burwood houses offer an annual yield of about 1.85%, and units yield approximately 4.53% annually. This data underscores Burwood’s lucrative aspect for property investment, promising steady rental incomes.
| Property Type | Median Weekly Rent | Annual Rental Yield |
|---|---|---|
| Houses | $835 | 1.85% |
| Units | $772 | 4.53% |
Considering Burwood’s rental market dynamics, investing in both houses and units seems beneficial. The suburb’s ongoing developments and proximity to essential amenities, like Deakin University, will likely increase rental yields. This promising outlook encourages further investor interest in Burwood.
Recent Price Changes: A Comparison Over Different Time Periods
Delving into Burwood’s market trends and price changes requires analyzing data from various intervals. These insights illuminate optimal times for investment decisions. We’ve conducted a thorough review of quarterly, annual, and biennial price shifts for properties in Burwood.
Quarterly Price Changes
Burwood’s real estate scene has demonstrated diverse trends in recent months. House prices have risen by 0.42%, showcasing a consistent upward trajectory reflecting city-wide growth. On the contrary, unit prices dipped by -3.16%, revealing the sector’s distinct dynamics.
Annual Price Movements
Looking at annual price adjustments offers a wider perspective. Burwood homes have seen a 3.64% increase, affirming their solid investment stature and drawing in buyers. In contrast, unit growth remained modest at 0.12%, presenting a more stable outlook than the shorter-term fluctuations.
Two-Year Price Trends
A two-year retrospective unveils profound shifts. Both houses and units in Burwood have undergone notable changes. Such historical analysis is crucial for investors seeking to capitalize on Burwood’s evolving market landscape.
This table provides a breakdown of Burwood’s property price movements:
| Time Period | Houses | Units |
|---|---|---|
| Quarterly Growth | +0.42% | -3.16% |
| Annual Growth | +3.64% | +0.12% |
| Two-Year Trend | Significant Increase | Stable |
Property Availability and Sales Data
Burwood’s real estate scene is vibrant, driven by diverse housing options. In the last year, there’s been significant property turnover. This mirrors the area’s strong appeal and the quick trading of homes and units alike.
Monthly Sales Figures
Over the past year, Burwood saw 57 houses and 310 units change hands. This data points to lively dealings in both the housing and unit markets. It illustrates the suburb’s substantial real estate activity.
Stock Availability
Currently, the market has 75 houses and 234 units on sale in Burwood. This wide range of properties caters to various buyer needs, from family residencies to investor units.
Average Days on Market
Understanding how quickly properties sell is essential. In Burwood, homes typically remain listed for 34 days, and units for 38 days. This efficiency reflects the high demand and swift sales operations in this community.
Burwood Real Estate Investment: A Strategic Overview
Investing in Burwood’s real estate requires understanding its competitive market. The area has a median property price for houses at $3,300,000. It has experienced impressive annual capital growth of 28.91%. This growth positions it as a promising area for strategic real estate investments.
Potential investors should look into the diverse property types. For example, houses have recorded 57 sales in the last year. They stay on the market for an average of just 34 days. Meanwhile, units, with a median property price of $942,500, offer a stable investment route with an annual growth of 0.80%.
The role of rental yields is impactful in property investment strategies. Houses in Burwood have 1.85% rental yields with a weekly median rent of $835. Units, on the other hand, yield 4.53%, with a weekly rent of $772. This stark difference is critical for planning investments in the area.
Understanding Burwood’s demographic dynamics is equally crucial. The population increased by 28.4% from 2011 to 2016. The major age group is 20-29 years, with a notable presence of childless couples. This suggests a strong demand for rental properties, especially units.
Here is a comparative analysis of key investment metrics:
| Metric | Houses | Units |
|---|---|---|
| Median Property Price | $3,300,000 | $942,500 |
| Annual Capital Growth Rate | 28.91% | 0.80% |
| Average Days on Market | 34 | 38 |
| Average Weekly Rent | $835 | $772 |
| Rental Yield | 1.85% | 4.53% |
Burwood’s real estate market emphasizes the need for strategic investments. Whether considering houses or units, an analysis of trends, demographic changes, and rental yields is vital. This will ensure an effective strategy that leverages Burwood’s growing potential.
Capital Growth Potential in Burwood
Burwood is becoming an increasingly attractive location for real estate investments. It offers promising capital growth, highlighted by significant annual and quarterly growth figures. This thriving suburb shines within the Sydney market, thanks to its resilience and potential for high returns.
Annual Growth Rates
Annual growth rates in Burwood highlight its strong investment potential. For example, Burwood East has seen a 1.19% growth rate for houses annually. Meanwhile, units in the same area have experienced an impressive 11.56% growth rate annually. These statistics confirm Burwood’s standing as a lucrative investment destination.
Quarterly Growth Comparison
Quarterly figures further back Burwood’s investment value. Recently, units in Burwood East enjoyed a 5.59% growth. Although houses had a slight decrease, they still showed a notable annual growth. Comparing Burwood to other Sydney suburbs, its strategic advantage and robust growth rates stand out. These factors make Burwood a wise choice for both short-term and long-term investors.
| Property Type | Median Price | Annual Growth Rate | Quarterly Growth Rate | Average Days on Market |
|---|---|---|---|---|
| Houses | $1,280,000 | 1.19% | -1.54% | 26 |
| Units | $680,500 | 11.56% | 5.59% | 41 |
The table shows units outperform houses in annual growth, confirming Burwood as an excellent investment spot. Investors should explore the different dynamics within property types for optimal returns in this vibrant market.
Demographics of Burwood: Understanding the Market
Grasping the demographics in Burwood is crucial for anyone looking at the real estate market trends here. The suburb has seen significant population growth and diversity in recent years. This change directly impacts property trends and investment options.
Population Trends
From 2011 to 2016, Burwood’s population surged by 28.4%, from 12,466 to 16,011. This growth signifies a substantial influx of residents, likely attracted by the suburb’s appeal and opportunities. Understanding these trends is vital for investors to make informed choices.
Age Distribution
The primary age group in Burwood is 20-29, showcasing a vibrant community of young adults. This demographic primarily drives the demand for units and townhouses. Additionally, children aged 0-14 represent 11.9% and seniors 65 and over constitute 13% of the community. Thus, Burwood hosts a blend of young families and older residents.
Household Composition
In Burwood, the prevalent household types are childless couples, many of whom pay $1800 – $2399 monthly in mortgage. The proportion of owner-occupied homes fell from 50.3% in 2011 to 42.1% in 2016. This indicates a trend towards rentals and potentially more transient living situations. Such shifts are crucial in understanding housing demands.
The following table succinctly captures the dynamics of Burwood’s population and household types:
| Year | Population | Primary Age Group | Owner-Occupied Homes | Households with Children |
|---|---|---|---|---|
| 2011 | 12,466 | 20-29 years | 50.3% | 49.7% |
| 2016 | 16,011 | 20-29 years | 42.1% | 57.9% |
By delving into Burwood’s population insights and household configurations, real estate investors gain a deeper understanding. This allows for better strategy formulation and meeting the unique needs of this dynamic suburb.
Income Levels and Economic Factors
The economic landscape of Burwood significantly influences its real estate market. Delving into the financial demographics is vital for investors and potential homeowners alike. The income levels in Burwood highlight a vibrant economy, showcasing substantial growth over recent years.
Median Household Income
In recent times, Burwood’s median household income saw a significant rise. This mirrors the suburb’s economic health. As per the latest figures, the median income is $1,410 weekly, marking an impressive 19.49% growth over five years. This growth symbolises Burwood’s flourishing economic state.
Percentage Change in Income Over Time
An extensive economic analysis over a decade illustrates a steady climb in income levels. This steady increase in financial demographics shows how local earners’ incomes have grown due to favourable economics. Simultaneously, rental and property prices have risen, amplifying Burwood’s allure as a place for living and investing.
| Year | Median Income | Annual Growth Rate |
|---|---|---|
| 2012 | $1,180 | 3.9% |
| 2013 | $1,205 | 2.1% |
| 2014 | $1,230 | 2.1% |
| 2015 | $1,290 | 4.9% |
| 2016 | $1,360 | 5.4% |
| 2017 | $1,410 | 3.7% |
The critical analysis displayed here shows a surge in income levels in Burwood. This growth mirrors larger economic patterns and boosts the suburb’s attractiveness. The notable financial demographics are key in elevating Burwood’s real estate market desirability.
Burwood’s Building Landscape
Burwood is a suburb witnessing notable growth, seen in its range of buildings and larger property sizes. It showcases a mix of expansive family homes and sleek modern units. This reflects Burwood’s building trends, showing a vibrant and changing construction scene. These trends cater to people’s diverse needs, from families to individuals seeking space.
Types of Buildings
In Burwood, you’ll find a variety of buildings, like classic houses, modern townhouses, and stylish units. Each type is designed for different people:
- Houses: Mostly in older areas, they come with big yards and several bedrooms.
- Townhouses: These are often near conveniences, offering contemporary spaces with less yard work.
- Units: Perfect for singles or small families, usually close to transit and shopping.
Average Building Sizes
The properties in Burwood are built to meet high expectations, aligning with the suburb’s construction trends. Here’s a comparison of average building sizes:
| Building Type | Average Size (sqm) | Typical Features |
|---|---|---|
| Houses | 250 – 400 | Large gardens, 3-5 bedrooms, multiple living areas |
| Townhouses | 150 – 250 | Modern design, 2-3 bedrooms, outdoor space |
| Units | 70 – 150 | Open-plan living, 1-2 bedrooms, proximity to amenities |
Burwood’s variety in building types and significant property sizes highlight its attractiveness as a fast-evolving suburb. Whether in search of a large home or a well-placed unit, Burwood’s development offers fitting options for all.
Parks and Recreational Spaces
The allure of Burwood as a residential area goes beyond its prime location and urban amenities. Its charm is significantly boosted by the presence of vast parks and recreational spots. These green areas, accounting for 3.9% of Burwood’s total space, demonstrate the suburb’s commitment to enriching residents’ lifestyles. They are crucial for bolstering the quality of life among the community.
Number of Parks
Burwood boasts seven unique parks, each providing diverse facilities and activities for the outdoors. It offers playgrounds, picnic spots, walking paths, and sports complexes. Such a wide array caters to families, fitness buffs, and those who love nature. The well-upheld parks play a vital role in Burwood’s recreational scene, underpinning the community’s health and contentment.
Percentage of Area Covered by Parks
Burwood dedicates 3.9% of its land to parks, signifying a strong commitment to preserving green areas. This ensures residents have abundant access to spaces for relaxation, exercise, and communal gatherings. Highlighting the value of recreational spaces, this approach not only elevates Burwood’s aesthetic but propels a vigorous, active community. Consequently, it establishes Burwood as a coveted place for residence and investment.
FAQ
What are the investment opportunities in Burwood?
How is the housing market trend in Burwood?
What factors influence the market dynamics in Burwood?
What types of real estate investments can I find in Burwood?
What is the current median price for houses in Burwood?
How much do townhouses and units cost in Burwood?
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at ,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,350,000, while units are priced at 2,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are 5 for houses and 2 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at ,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,350,000, while units are priced at 2,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are 5 for houses and 2 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
What are the median weekly rent averages in Burwood?
What are the annual rental yields for properties in Burwood?
How have property prices changed over different periods in Burwood?
What are the monthly sales figures and stock availability in Burwood’s property market?
How many days do properties typically stay on the market in Burwood?
What strategic advice can you offer for investing in Burwood real estate?
What is the capital growth potential in Burwood?
What are the demographics of Burwood?
What is the median household income in Burwood?
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at ,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,350,000, while units are priced at 2,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are 5 for houses and 2 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at ,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,350,000, while units are priced at 2,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are 5 for houses and 2 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is
FAQ
What are the investment opportunities in Burwood?
Burwood is rich in investment opportunities, with houses, townhouses, and units being key attractions. The property market here is defined by significant capital growth and a rising demand for rentals, presenting lucrative options for investors.
How is the housing market trend in Burwood?
Burwood’s housing market has seen diverse trends, boasting a notable annual capital growth rate of 28.91% for houses. This indicates a strong and potentially expanding market.
What factors influence the market dynamics in Burwood?
Several factors impact Burwood’s real estate market dynamics. Population growth, the area’s geographical size, and the proportion of parks play pivotal roles in its strong performance.
What types of real estate investments can I find in Burwood?
In Burwood, investors can find houses, townhouses, and units. This range caters to varied investor preferences, offering diverse options for property portfolio enhancement.
What is the current median price for houses in Burwood?
The current median house price in Burwood stands at $3,300,000. This showcases the robust investor interest in this property type.
How much do townhouses and units cost in Burwood?
Townhouses in Burwood have a median price of $1,350,000, while units are priced at $942,500. These numbers represent the suburb’s high-value property market.
What are the median weekly rent averages in Burwood?
In Burwood, median weekly rents are $835 for houses and $772 for units. These figures indicate strong returns in the rental market.
What are the annual rental yields for properties in Burwood?
Houses in Burwood yield an annual return of 1.85%, with units at 4.53%. This highlights the profitability of the local rental market.
How have property prices changed over different periods in Burwood?
In recent periods, Burwood’s housing prices have increased by 10.83% quarterly, while unit prices dipped slightly by 0.37%. Annually, house values have surged by 28.91%, underscoring their investment appeal.
What are the monthly sales figures and stock availability in Burwood’s property market?
The past year saw 57 house sales and 310 unit sales in Burwood. With currently 75 houses and 234 units on offer, the market is highly competitive.
How many days do properties typically stay on the market in Burwood?
Properties in Burwood sell swiftly, with houses taking an average of 34 days to sell and units, 38 days. This indicates a quick property turnover.
What strategic advice can you offer for investing in Burwood real estate?
Burwood’s competitive real estate market demands a strategic approach. Investors should explore various property types, stay informed on market trends, and understand demographic changes to secure profitable investments.
What is the capital growth potential in Burwood?
Burwood showcases significant capital growth potential, with houses seeing annual rates up to 28.91%. Quarterly comparisons further highlight its high-yield investment opportunities.
What are the demographics of Burwood?
Between 2011 and 2016, Burwood’s population grew by 28.4%, mainly comprising young adults aged 20-29. This shift boosts demand for units and townhouses, appealing to the younger demographic and smaller households.
What is the median household income in Burwood?
Burwood’s median weekly household income is $1,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
,410, showing a 19.49% increase over five years. This reflects its economic vitality and appeal to higher-income earners.
What types of buildings are predominant in Burwood?
Burwood’s residential scene is dominated by spacious houses and modern units. These options accommodate diverse buyer needs and support a variety of lifestyles.
How many parks and recreational spaces are available in Burwood?
The suburb boasts 7 parks, which constitute nearly 3.9% of its total area. These green spaces enhance residents’ quality of life and augment the area’s attractiveness for investment.
What types of buildings are predominant in Burwood?
How many parks and recreational spaces are available in Burwood?
