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Burwood

The Burwood property market has eased slightly over the past 12 months to December 2019.

There have been 365 properties listed over the past 12 months, while 228 have sold. This compares to 0 listings for the same time last year, and 205 sales.

The current median sales price of a house in Burwood is $1,172,500. This represents a decline of -10.5% over the past 12 months.

The time it takes to sell a house in Burwood is currently 36.5 days. This timing is 8.5 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $750,500. Apartment prices have flattened by 3.5% over the past 12 months. The time it takes to sell a unit in Burwood is currently 65 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$1,294,000
(45)
$685,000
(69)
2$1,160,500
(68)
$780,000
(80)
3$1,152,500
(4)
$677,500
(4)

Median Sales

House
Unit
$1,309,350

Dec 2018
(12 months)

$1,172,500

Dec 2019
(12 months)

$725,000

Dec 2018
(12 months)

$750,500

Dec 2019
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

152
Dec 2018
(12 months)
118
Dec 2019
(12 months)

-22.4%

MOVEMENT


53
Dec 2018
(12 months)
110
Dec 2019
(12 months)

107.5%

MOVEMENT

Number of Listings

 House Listings Unit Listings
138
227
50
Days on Market

Rentals

Rental Yield

2.3%

Median Asking Rent

$540
per week

Percentage Rented

HOUSES & UNITS
36.5%

Rental Yield

2.9%

Median Asking Rent

$400
per week

Population

Population
15,015

Family Composition

CHILDLESS COUPLE

35.7%

COUPLES WITH CHILDREN

44.9%

SINGLE PARENTS

15.6%

OTHER

3.4%

Tenure Type

RENTING

36.5%

OWNS OUTRIGHT

32.3%

PURCHASING

26.2%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Jan 18 - Dec 19 unless otherwise stated. For listings, 1 Mar 19 - Feb 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.