All About Burnside, Melton, VIC, 3023

Burnside, located in the Melton area of Victoria, Australia, is a suburb that has been experiencing noticeable changes in its housing market. Over recent years, Burnside has seen a steady increase in demand, fueled by its affordability compared to inner-city Melbourne suburbs and its growing appeal to families and young professionals. The market offers a mix of modern housing developments and established homes, catering to a diverse range of buyers. This suburb is characterized by its spacious properties and family-friendly atmosphere, which continues to attract buyers looking for more space without the prohibitive costs associated with Melbourne’s more central locales. As with many suburban markets in the Melbourne area, Burnside's housing market remains competitive, with property values incrementally rising as infrastructure and amenities continue to improve, making it an attractive prospect for potential homeowners and investors alike.

Living in Burnside offers a balanced lifestyle with a blend of suburban tranquility and accessible conveniences. The suburb boasts a number of parks and recreational areas, contributing to its appeal for families and outdoor enthusiasts. Residents enjoy access to local shopping centers, cafes, and schools, with the nearby Western Freeway providing a straightforward commute to Melbourne’s central business district. The community is diverse and welcoming, with local events and activities fostering a sense of connection among neighbors. Public transport options are also available, albeit more limited than in urban areas, which encourages a car-centric lifestyle for ease of commuting. Overall, Burnside presents a compelling option for those seeking a more relaxed residential setting while still remaining connected to the vibrant amenities of Melbourne.

Burnside Real Estate Market Outlook

Thinking about buying in Burnside? Now could not be a better time, with 2692 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,048,000 with prices in this suburb ranging from $564,000 to $2,361,000. The aproximate distance to the coast is 13 Km.

Consistent high demand relative to supply is a key feature in Burnside driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Burnside ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Burnside classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Burnside requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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