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Investment Property Burnside Heights, VIC, 3023

Suburb Snapshot

Burnside Heights is a suburb in the Melton Region of Victoria. Burnside Heights has a population of 6,068 people and 17.83% of its occupants live in rental accommodation. The median listing price for houses is $730,000 and this has changed 5.79% over the past year and changed 6.25% over 2 years.

The median rent in Burnside Heights for houses is $530 per week and the median rental yield is 3.77%. Stock on the market for houses/townhouses has changed 15.79% compared to last year and the average time to sell a house/townhouse is 48 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 Heights is NA per week, producing a rental yield of NA.

Supply & Demand in Burnside Heights, Melton

1.01%

Current vacancy rate


18

Rental stock available


6,068

Population


17.83%

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 Heights, Melton

  House Townhouses Units
Median listing price $730,000 NA NA
Median price change - last quarter 0.75% NA NA
Median price change - 1 year 5.79% NA NA
Median price change - 2 years 6.25% NA NA
  House Townhouses Units
Median weekly rent $530 NA NA
Median yield % 3.77% NA NA
Median rent change - 1 year 6.00% NA NA
  House Units
Previous month sales 3 0
Stock on market previous month 22 1
Stock variance vs. last year 15.79% 100.00%
Average days on market 48 NA

Burnside Heights investment property listings

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