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Burwood Suburb Insights
VICLocation Information
Suburb Name
Burwood, VIC
Distance from CBD
13.5 kmDemographics
Population
16,030
Median Income
$24,856
Area Information
Area
2.44 km²
Population Density
6570 people/km²
Property Market
Median Price
$574,585
Annual Growth
+13.3%Property Price Trend Analysis
Current Median Price
$574,585
Annual Growth
+13.3%
Quarterly Growth
+2%
Price Trends - Last 6 Months
2024-01
$1,031,338
+5.1%2024-02
$626,229
+8.9%2024-03
$1,086,252
+14.5%2024-04
$545,793
+12.3%2024-05
$1,008,736
+7.7%2024-06
$792,284
+17.2%Property Type Price Analysis
House
Median Price
$870,078
Growth Rate
+9.4%Available Listings
307 properties
Apartment
Median Price
$559,112
Growth Rate
+12.4%Available Listings
681 properties
Townhouse
Median Price
$411,243
Growth Rate
+8.7%Available Listings
231 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy