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Investment Property Burnside, VIC, 3023

Suburb Snapshot

Burnside is a suburb in the Melton Region of Victoria. Burnside has a population of 4,750 people and 10.29% of its occupants live in rental accommodation. The median listing price for houses is $790,000 and this has changed 5.33% over the past year and changed 5.33% over 2 years.

The median rent in Burnside for houses is $530 per week and the median rental yield is 3.48%. Stock on the market for houses/townhouses has changed 23.08% compared to last year and the average time to sell a house/townhouse is 80 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in Burnside is NA per week, producing a rental yield of NA.

Supply & Demand in Burnside, Melton

0.32%

Current vacancy rate


7

Rental stock available


4,750

Population


10.29%

Rental population


1.05%

Current vacancy rate


633

Rental stock available


135,440

Population


19.54%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Burnside, Melton

  House Townhouses Units
Median listing price $790,000 NA NA
Median price change - last quarter 1.93% NA NA
Median price change - 1 year 5.33% NA NA
Median price change - 2 years 5.33% NA NA
  House Townhouses Units
Median weekly rent $530 NA NA
Median yield % 3.48% NA NA
Median rent change - 1 year 15.21% NA NA
  House Units
Previous month sales 2 0
Stock on market previous month 48 0
Stock variance vs. last year 23.08% 0.00%
Average days on market 80 NA

Burnside investment property listings

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