burnside heights
3023, Victoria
Real Estate & Property Information
burnside heights Suburb Profile & Review
Burnside Heights is a developing suburb in the Shire of Melton, north of Caroline Springs and approximately forty minutes north-west of Melbourne. Its quiet location on the threshold of Melbourne's outer fringe allows residents a peaceful lifestyle. A high proportion hail from Vietnam and the Philippines. Commuters can easily access the Western Ring Road for their daily travel, though Keilor Plains Station is four minutes away, and Watergardens Station is ten minutes away in nearby Sydenham. In addition to its regular city services, V/Line trains are available here to outlying regional areas such as Bendigo and Swan Hill.
There is one school in the area, Kororoit Creek Primary School. Numerous other schools are located in nearby Caroline Springs and Deer Park.
Watervale Shopping Centre was recently constructed in Taylors Hill to cater to Shire of Melton residents. It boasts a Woolworths supermarket, a medical centre, a childcare centre, and 18 food and retail stores. The Watergardens Town Centre also offers 210 retail stores, including large department chains like Big W, Target and Coles.
burnside heights Demographic Data
$ 405,000 Median House Price
32 Minutes Average Commute
29 Median Age
5,000 Population
50.50 % Female
49.50 % Male
1387 NO OF FAMILIES
1.9 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 burnside heights, Victoria.
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burnside heights 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.
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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burnside heights Market Property Types
- 95 % Seperate House
- 5 % Semi Detached
- 1 % 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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burnside heights 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.
burnside heights Income & Mortgage Stats
- $ 1,649 Median Weekly Household Income
- $ 2,167 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 burnside heights
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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burnside heights 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.
burnside heights Sold Property Prices
19 Lyons Avenue
8 Wilkins Crescent
18 Ironbark Grove
69 Arbour Boulevard
31 CUNNINGHAM CHASE
31 Cunningham Chase
burnside heights 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.
Agents Coming Soon
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burnside heights Schools
- Kororoit Creek Primary School130 Tenterfield Driveburnside heights VIC 3023(03) 8358 0600 State Primary School
burnside heights Childcare
- Sunkids CCCArbour Bvdburnside heights VIC 3023
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