OA Logo Green
search icon

Get a property report and suburb profile for any property in Burnley

Join the 2 million Australians* who use our services every year.

Geo Page

Burnley suburb profile

Burnley is a vibrant inner-city suburb of Melbourne, located just 4km east of the CBD. Known for its lush green spaces, including the renowned Burnley Park and Burnley Gardens, it offers a serene escape amidst urban living. The suburb is well-connected by public transport, with Burnley Station providing easy access to the city and beyond. Burnley is characterized by a mix of charming period homes and modern apartments, attracting a diverse community of professionals, students, and families. Its proximity to the Yarra River and a variety of cafes and eateries enhances its appeal as a desirable residential area.

Burnley property market performance

Burnley's property market has shown stability over the past 12 months, with no change in median house and unit values. The median house and unit prices remain at $0, indicating a lack of recent sales data to establish current market values. Over the past year, only 4 houses and 2 units have been sold, reflecting limited sales activity in the area.

The market's inactivity is further highlighted by the absence of data on median days on market for both houses and units over the last three months, suggesting a stagnant market environment.

In contrast, the rental market in Burnley has experienced modest growth. Average rent for houses has increased by 1.4% to $900, while units have seen a 3.8% rise, reaching $493, indicating a steady demand for rental properties despite the static sales market.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
42
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
$900$493
Change in rent
Past 12 months
1.4%3.8%

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Burnley demographics

Burnley, a charming suburb located in Melbourne's inner east, offers a unique blend of urban convenience and suburban tranquility. With a population of just 794, it provides a close-knit community feel while being just a stone's throw away from the bustling city center. The median age of 32 suggests a youthful and vibrant demographic, likely attracted by the suburb's proximity to the CBD and its array of amenities.

The suburb's housing landscape is diverse, with nearly half of the properties being rented, indicating a significant demand for flexible living arrangements. This is complemented by a substantial proportion of homes owned outright (22.3%) and with a mortgage (29.3%), reflecting a stable residential base. The median total household income of $2423 per week is indicative of a relatively affluent community, likely comprising professionals and young families.

Family dynamics in Burnley are varied, with couple families without children making up 47.5% of the population, closely followed by couple families with children at 38.7%. This mix highlights the suburb's appeal to both young couples and growing families. The presence of one-parent families and other family types adds to the suburb's diversity, fostering an inclusive and supportive community environment. Burnley's blend of lifestyle, convenience, and community spirit makes it a desirable location for those seeking a balanced urban-suburban lifestyle.

Burnley infrastructure, key developments and investment opportunities

Burnley benefits from its inner-city location within the City of Yarra and proximity to Swan Street, Bridge Road and the Yarra River, giving residents easy access to established retail, dining and employment hubs in neighbouring Richmond and the CBD.[4][5] Ongoing investment and densification in nearby activity centres, including mixed-use and commercial sites along Burnley Street and around Victoria Gardens, continue to enhance local amenity and support buyer and renter demand in the area.[6][8]

Transport connectivity remains a key strength, with Burnley train station providing access to multiple lines and strong road links to the city, which is likely to remain a major driver of long-term desirability.[4][5] Local parks and riverside green spaces contribute to a family-friendly environment, and with most major services delivered just outside the suburb’s borders in Richmond, Burnley is expected to see stable demand from residents seeking a quiet pocket close to major infrastructure rather than large-scale redevelopment within the suburb itself.[4][5]

Burnley rental market trends

The rental market in Burnley has experienced modest growth, with house rents increasing by 1.4% over the past year to $900 per week, while unit rents have risen 3.8% to $493 per week. This steady growth reflects Burnley's appeal as a desirable suburb, offering a balanced lifestyle with convenient access to Melbourne's amenities and transport links.

Suburbs near Burnley

Some popular suburbs near Burnley include:

  • Richmond: Known for its bustling shopping strips and vibrant nightlife, Richmond is located directly north of Burnley.
  • Cremorne: A hub for creative industries and modern office spaces, Cremorne lies to the northwest of Burnley.
  • South Yarra: Famous for its upscale boutiques and dining options, South Yarra is situated to the southwest of Burnley.
  • Toorak: Known for its luxurious homes and leafy streets, Toorak is located to the south of Burnley.
  • Hawthorn: Featuring a mix of heritage and modern architecture with excellent educational institutions, Hawthorn is situated to the east of Burnley.

How does Burnley compare to nearby suburbs?

  • Unit price growth: Over the past 12 months, unit prices in Burnley have grown 56.9% higher than in Richmond.
  • Selling speed for units: Properties in Burnley are selling 23.1% faster than in Richmond.
  • Investment considerations: In Burnley, the rental yield for house is 43.3% higher than the Melbourne average, while the rental yield for units is 14.5% lower.
  • House price growth: Over the past 12 months, house prices in Burnley have grown 41.4% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Burnley have grown 12.8% lower than the average rate of growth for units across Melbourne.

Common questions about Burnley

  • Is Burnley a nice place to live?

    Burnley is a delightful suburb that offers a harmonious blend of urban convenience and serene living, making it a fantastic place to call home. Nestled just a short distance from Melbourne's bustling CBD, Burnley is known for its lush green spaces and charming streetscapes. The suburb's vibrant atmosphere is complemented by a strong sense of community, making it an appealing choice for families, professionals, and students alike. With its proximity to the Yarra River and a variety of cafes and eateries, Burnley provides a lively yet peaceful environment that caters to diverse lifestyles.

    Families will find Burnley particularly attractive due to its family-friendly parks and green spaces, which offer ample opportunities for outdoor activities and relaxation. The suburb's excellent transport connectivity, including the well-serviced Burnley Station, ensures easy access to the city and surrounding areas, making daily commutes a breeze. Safety is generally not a major concern, contributing to the suburb's appeal as a secure and welcoming place to live.

    While Burnley offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's inner-city location means that property prices can be higher compared to more distant suburbs, and the housing options are a mix of charming period homes and modern apartments, which may not suit those seeking larger properties with expansive yards. Additionally, while Burnley itself is relatively quiet, the nearby bustling areas of Richmond and the CBD provide plenty of shopping, dining, and entertainment options, which might mean venturing a little further for a wider range of amenities.

    Overall, Burnley's unique blend of urban and suburban living, combined with its strong community spirit and convenient location, makes it a highly desirable place to live. Whether you're a young professional, a growing family, or someone seeking a balanced lifestyle, Burnley offers a welcoming and vibrant environment that is hard to resist.

    Down Pointer

  • Is it expensive to live in Burnley?

    Living in Burnley, an inner suburb of Melbourne, can be considered relatively affordable, especially when it comes to renting. While there is no current data available for median house and unit prices, rental prices provide a clearer picture of the cost of living. The average rent for houses in Burnley is around $900 per week, while units average $493 per week. These figures suggest that renting in Burnley is quite manageable, particularly for those opting for units.

    When we compare the average household income in Burnley, which is approximately $2,423 per week, to the average full-time adult weekly wage in Melbourne of about $1,900, it appears that residents in Burnley earn slightly more than the typical Melbourne wage. This higher income level can help offset the cost of living, particularly in terms of rent. Overall, if you are thinking of living in Burnley, it offers a decent balance between income and rental expenses, making it a reasonable option for those looking to reside in an inner Melbourne suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
    Down Pointer

  • Is Burnley a good place to invest?

    Burnley presents a unique investment opportunity, especially for those seeking stability in the property market. Over the past year, the median house and unit values have remained steady, indicating a stable market environment. This stability can be appealing for investors who prefer a less volatile investment landscape. Additionally, the rental market in Burnley has shown positive growth, with house rents increasing by 1.4% and unit rents by 3.8%. This suggests a healthy demand for rental properties, which can provide a reliable income stream for property investors.

    Burnley's appeal lies in its strategic location and vibrant community atmosphere. Situated close to the city, it offers easy access to Melbourne's bustling CBD, making it an attractive option for professionals and young families. The suburb's charm is further enhanced by its green spaces, cafes, and local amenities, which contribute to a high quality of life for residents. While the property values have not seen significant growth recently, the steady rental increases and the suburb's desirable lifestyle factors make Burnley a solid choice for investors looking for consistent rental returns and long-term potential.

    Down Pointer

Choose the right real estate agents in Burnley

There are 6 real estate agents in Burnley, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 83.3% of all sales in the past year.

Commission rates in Burnley typically range from 1.71% to 2.57%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

Geo Page

Get a head start and compare top local agents in Burnley

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron