This property is Off Market
With an average age of 34, households expect an average monthly mortgage payment of $1,922 or a weekly rent payment of $401. The average family earns a weekly income of $1,978 with a typical household size of 3.2 and a 92.99% employment rate.
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 Burnside Heights are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Burnside Heights changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Burnside Heights 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 Burnside Heights 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 Burnside Heights a better buying opportunity than it may have been in the past.
(Country of Birth not stated 1%)
Burnside Heights a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
55 / 100
52 / 100
Industry
11 / 100
17 / 100
Population
32 / 100
32 / 100
House Prices
65 / 100
70 / 100
Jobs
26 / 100
34 / 100
Incidents Trend State Average
Resurrection School
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Albanvale Primary School
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Catholic Regional College Caroline Springs
Caroline Springs, VIC, 3023 Independent 7-10
Movelle Primary School
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Copperfield College
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Kororoit Creek Primary School
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Lakeview Senior College
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Kings Park Primary School
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Stevensville Primary School
St Albans, VIC, 3021 State Prep-6
Gilson College
Taylors Hill, VIC, 3037 Independent Prep-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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