Burwood

Burwood's population is growing steadily across all age groups, with a significant number of residents in the 20-34 age bracket. The suburb offers a good mix of occupations, with professionals and managers forming a significant portion. Commuting preferences vary, with a notable percentage of residents choosing to work from home. The suburb has a high level of educational advantage for students attending government schools. For house buyers, Burwood presents an opportunity for long-term capital growth, with a consistent positive median growth rate over the past decade. The suburb has a low vacancy rate and a moderate market absorption rate, indicating stable demand for housing. For unit investors, although the median growth rate has been negative, the high rental yield provides a potential income stream. Units also have a high sale price IQR ratio, suggesting opportunities for renovation and value-adding. Burwood offers a diverse and growing community, with a range of housing options suitable for both homeowners and investors. The suburb's strong educational advantage, combined with a convenient location and good transport links, make it an attractive place to live or invest in property. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022