Thinking about buying in Burbank? Now could not be a better time, with 655 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,203,000 with prices in this suburb ranging from $1,162,000 to $6,898,000. Burbank is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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Consistent high demand relative to supply is a key feature in Burbank driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Burbank 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 Burbank 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. Medium density in Burbank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
39 oakridge st, burbank, qld, 4156 | 5 | 4 | 4 | 5000000 |
Sinai College
St Luke's Catholic Parish School
Rochedale South State School
Capalaba State College
Mackenzie State Primary School
Mackenzie State Special School
Rochedale State School
Redeemer Lutheran College
St Peter's Primary School
Coolnwynpin State School
(While the above schools are located with the suburb of Burbank there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 7.9 | 20.4 | 28.1 | 57.4 | 96.2 | 2.5 | 24.2 |
Feb | 2.7 | 20.9 | 29.6 | 52.2 | 92.3 | 3.4 | 23.5 |
Mar | 6.2 | 20.5 | 28.4 | 61.8 | 95.3 | 2.6 | 18.2 |
Apr | 2.9 | 16.2 | 26.2 | 51.4 | 94.7 | 2.1 | 16.2 |
May | 1.9 | 13.3 | 23.2 | 51.1 | 90.3 | 2.2 | 13.7 |
Jun | 1.8 | 11.4 | 21.2 | 53.0 | 91.1 | 2.2 | 12.4 |
Jul | 1.3 | 10.5 | 21.3 | 47 | 91.1 | 2.1 | 13.5 |
Aug | 0.6 | 10.1 | 22.2 | 38.3 | 89.0 | 2.2 | 16.6 |
Sept | 0.8 | 13.3 | 23.4 | 47.9 | 92.2 | 2.7 | 19.4 |
Oct | 3.7 | 15.9 | 25.1 | 54.3 | 94 | 2.7 | 22.1 |
Nov | 0.8 | 18.4 | 27.4 | 48.8 | 88.6 | 3.2 | 27.0 |
Dec | 1.8 | 20.3 | 30.1 | 46.2 | 89.7 | 3.1 | 27 |
source: Australian Government Bureau of Meteorology
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