burwood east

3151, Victoria

Real Estate & Property Information

Median
Price Rank
146

burwood east Suburb Profile & Review

Burwood East has a strong family friendly atmosphere due to the high number of schools in the area. Along its northern boundary runs Gardiner's Creek, which has lovely reserves for recreational purposes like walking the dog, exercising or even having a picnic.

Schools of note are Presbyterian Ladies' College, one of Melbourne's best private girls schools, and Mount Scopus Memorial College, a highly reputable Jewish K-12 school. There are also three primary schools and two senior schools in the area. Deakin University's main campus is situated on the Burwood Highway and has almost 20,000 students.

Burwood's main shopping strip shares its borders with Camberwell at the corner of Warrigal Road and Burwood Highway. However, for some serious retail therapy, Camberwell Junction and Chadstone Shopping Centre are both minutes away. Tram route 75 travels along Burwood Highway to Vermont South. A ride from the CBD will take forty-five minutes. Burwood Station is located in nearby Glen Iris.

burwood east Demographic Data

$ 630,000 Median House Price

28 Minutes Average Commute

40 Median Age

10,141 Population

50.61 % Female

49.39 % Male

2789 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in burwood east, Victoria.

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burwood east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

burwood east Median House Prices

  • 2008 $ 502,500
  • 2009 $ 510,430
  • 2010 $ 570,000
  • 2011 $ 682,000
  • 2012 $ 630,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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burwood east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in burwood east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term burwood east property price predictions.

burwood east Market Property Types

  • 90 % Seperate House
  • 8 % Semi Detached
  • 2 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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burwood east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

burwood east Income & Mortgage Stats

  • $ 1,174 Median Weekly Household Income
  • $ 1,822 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in burwood east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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burwood east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

burwood east Sold Property Prices

burwood east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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burwood east Restaurants

  • Zagar's Charcoal Grill9 Royton Stburwood east VIC 315103 9884 4067
  • Sofia229 Burwood Highwayburwood east VIC 315103 9803 5299
  • Red Gum Wood Fired Pizza and Pasta431 Highbury Roadburwood east VIC 315103 9887 9566

burwood east Cafes

  • Cafe Atrium1 Vision Drvburwood east VIC 315103 9886 6913
  • Cafe Oggi1 Lakeside Driveburwood east VIC 315103 9887 7727
  • Mochachinos172 Burwood Hwyburwood east VIC 315103 9803 0846

burwood east Schools

  • Burwood East Special Development School18 Manooka Streetburwood east VIC 3151(03) 9803 4590Specialist School
  • Burwood East Primary SchoolCnr Highbury and Blackburn Roadsburwood east VIC 3151(03) 9802 8618State Primary School

burwood east Kindergarten and Preschools

  • Benwerrin PreschoolBenwerrin Driveburwood east VIC 3151
  • East Burwood PreschoolStatesman Avenueburwood east VIC 3151

burwood east Sporting Centres and Clubs

  • Little Athletics Centres, Nunawading, Bill Stewart Ath. Tracburwood east VIC 3151Athletics Club
  • Nunawading, East Burwood, Bill Sewart Athletics Trackburwood east VIC 3151Athletics Club
  • Whitehorse Club, The Social & Sporting Clubburwood east VIC 3151

burwood east Retirement Villages

  • Burwood Terraceburwood east VIC 3151

burwood east Vets

  • RSPCA, Animal Welfare Centreburwood east VIC 3151

Find out How Much your House is Worth in burwood east

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