burwood

3125, Victoria

Real Estate & Property Information

Median
Price Rank
79

burwood Suburb Profile & Review

Burwood has a strong family sensibility 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 Demographic Data

$ 780,000 Median House Price

26 Minutes Average Commute

34 Median Age

13,162 Population

53.92 % Female

46.08 % Male

2986 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, Victoria.

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burwood 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 Median House Prices

  • 2008 $ 610,000
  • 2009 $ 650,000
  • 2010 $ 662,111
  • 2011 $ 778,000
  • 2012 $ 780,000

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 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 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 property price predictions.

burwood Market Property Types

  • 70 % Seperate House
  • 17 % Semi Detached
  • 13 % 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 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 Income & Mortgage Stats

  • $ 1,099 Median Weekly Household Income
  • $ 2,000 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

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 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 Sold Property Prices

burwood 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 Restaurants

  • Taste DumplingShop 1, 251a Burwood Hwyburwood VIC 312503 9888 7999

burwood Cafes

  • Cafe Piccolo and Take-Away56 Highbury Roadburwood VIC 312503 9888 9695
  • Burwood Food4u69 Station Streetburwood VIC 312503 9888 9599
  • Two Corners Cafe73 Station Streetburwood VIC 312503 9888 7522

burwood Schools

  • Emmaus College Burwood Campus283-285 Warrigal Roadburwood VIC 3125(03) 9845 3211Catholic Secondary School
  • St Scholastica's Primary School4-8 Starling Stburwood VIC 3125(03) 9808 7279Catholic Primary School
  • St. Benedicts Primary School3-9 Central Avenueburwood VIC 3125(03) 9808 8551Catholic Primary School

burwood Childcare

  • Deakin & Community CC Co-op221 Burwood Highwayburwood VIC 3125
  • Essex Heights Juniors CC102 Huntingdale Roadburwood VIC 3125
  • Wattle Park Childrens ServicesCtr, 25 Livingstone Clburwood VIC 3125

burwood Kindergarten and Preschools

  • PLC Junior School Young Preparatory141 Burwood Hwyburwood VIC 3125
  • St. Scholasticas Kindergarten13 Pheasant Streetburwood VIC 3125
  • Wattle Hill Kindergarten19 Livingstone Closeburwood VIC 3125

burwood Sporting Centres and Clubs

  • Bennettswoodburwood VIC 3125Bowling Club
  • Eastern Lions, Burwoodburwood VIC 3125Soccer Club
  • Wattle Parkburwood VIC 3125Tennis Club & Courts

burwood Retirement Villages

  • Cameron Closeburwood VIC 3125
  • Highwood Court Hostelburwood VIC 3125

Find out How Much your House is Worth in burwood

Request a free market Basic Report for burwood to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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