16/10/2024
π‘ Burnside Housing Market Update π‘
π Market Snapshot:
Median House Price: $1,505,000.00
Past 12 month growth: Up 17.6%
π Rental snapshots
Median Rental Price: $780 per week
Past 2 month growth: Up 9.9%
πΉ Market Insights:
- Supply: 9 houses and 2 Units available last month
- Demand: 46 houses sold in past year
- Median Time on Market: 47 days
- Buyer Interest: 1,020 active buyers
- Rental Yield: 2.9%
Last month Burnside had 13 properties available for rent and 11 properties for sale. Median property prices over the last year range from $1,505,000 for houses to $670,000 for units. If you are looking for an investment property, consider houses in Burnside rent out for $780 PW with an annual rental yield of 2.9% and units rent for $540 PW with a rental yield of 4.3%. Burnside has seen an annual compound growth rate of 17.6% for houses and 11.7% for units.
To sell or rent your home call today myself on 0415 781 291