All About Burwood East, Whitehorse, VIC, 3151

Burwood East, located in the City of Whitehorse, Victoria, is a suburb that has experienced a noticeable evolution in its housing market over recent years. Known for its suburban charm and family-friendly atmosphere, the area has seen an uptick in demand driven by its convenient location, approximately 17 kilometers east of Melbourne's Central Business District. The housing market in Burwood East is characterized by a mix of modern apartments, traditional detached houses, and townhouses, catering to a diverse range of buyers, from young professionals to established families. Property values have generally seen a stable increase, reflective of the suburb's growing popularity and the broader property trends in Melbourne's eastern suburban corridor. Factors such as proximity to schools, shopping centers, and public transport options, like the Burwood Highway tram and nearby train stations, enhance its attractiveness to potential homeowners and investors alike.

Living in Burwood East offers residents a harmonious blend of suburban tranquility and urban convenience. The area is known for its ample green spaces, such as the Ballyshannassy Park and the Nunawading Basketball Centre, providing ample recreational opportunities. The local community enjoys access to a variety of amenities, including the Burwood One Shopping Centre, which hosts a selection of retail outlets and dining options. Educational institutions, such as the well-regarded Burwood East Primary School and Deakin University in the neighboring suburb of Burwood, ensure quality learning opportunities for families residing in the area. Furthermore, the neighborhood boasts a multicultural community that adds vibrancy to the local culture and ensures a welcoming environment for newcomers. Overall, Burwood East stands out as an appealing choice for those looking to experience a balanced lifestyle with easy access to Melbourne’s urban offerings.

Burwood East Real Estate Market Outlook

Thinking about buying in Burwood East? Now could not be a better time, with 5916 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,571,000 with prices in this suburb ranging from $379,000 to $6,644,000. The aproximate distance to the coast is 13 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Burwood East are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Burwood East provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Burwood East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Burwood East we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Burwood East a better buying opportunity than it may have been in the past.

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General Points of Interest

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