Thinking about buying in Burnley? Now could not be a better time, with 643 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,372,000 with prices in this suburb ranging from $394,000 to $5,129,000. Burnley is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $497.57 |
Median Monthly Mortgage | $2791.71 |
Median Persons Per Bedroom | 0.96 |
Average Household Size | 2.00 |
Average Age | 33.29 |
Average Income | $1509.43 |
Average Cars Per Dwelling | 1.32 |
Average Properties Within 50M | 43 |
1 Bed  $1,465,000 |
2 Bed  $1,455,000 |
3 Bed  $2,251,000 |
4 Bed  $2,335,000 |
Consistent high demand relative to supply is a key feature in Burnley driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Burnley 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 Burnley 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 Burnley 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.
unit 6, 34 adam st, burnley, vic, 3121 | 1 | 1 | 1 | $295,000 TO $320,000 |
St Kevin's College
Melbourne Girls College
Scotch College
St Catherine's School
Rossbourne School
Erasmus Primary School
Richmond Primary School
Hawthorn West Primary School
St Joseph's School
Glenferrie Primary School
(While the above schools are located with the suburb of Burnley 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 | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
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