All About Burwood, Whitehorse, VIC, 3125

The housing market in Burwood, located in the City of Whitehorse, Victoria, presents a dynamic mix of opportunities for both buyers and investors. Over recent years, Burwood has experienced moderate growth in property values, influenced by its strategic location, quality amenities, and proximity to educational institutions like Deakin University. The suburb offers a variety of housing options, ranging from post-war bungalows to modern townhouses and apartments, catering to a diverse demographic including young professionals, families, and students. The demand for rental properties remains robust, largely driven by the student population. Burwood’s well-developed infrastructure, including its access to public transport, shopping centers like Burwood One, and recreational spaces, makes it a desirable location even amidst fluctuating market conditions.

Living in Burwood offers a balanced lifestyle with a suburban feel and the convenience of urban amenities. The area is known for its lush parks and green spaces, such as Wattle Park and Gardiners Creek Reserve, which provide residents with ample opportunities for outdoor activities and relaxation. Burwood is also rich in cultural diversity, reflected in its vibrant dining scene and community events. Its excellent schools, both public and private, make it an attractive choice for families. The ease of commuting, enhanced by a well-connected tram and bus network, adds to Burwood's appeal, allowing residents seamless access to Melbourne's central business district and other surrounding areas. Overall, living in Burwood combines the tranquility of suburban life with the vibrancy of city living, making it a favored choice for many seeking a harmonious place to call home.

Burwood Real Estate Market Outlook

Thinking about buying in Burwood? Now could not be a better time, with 9189 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,570,000 with prices in this suburb ranging from $92,000 to $11,020,000. The aproximate distance to the coast is 10 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 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 provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Burwood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Burwood 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 a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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