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Burnley suburb profile

Burnley is an inner-eastern Melbourne suburb tucked along a bend of the Yarra River, prized for its ribbon of parkland, riverside walking routes and the planted grounds of the Burnley horticultural gardens. It feels like a quiet residential pocket with tree-lined streets of Victorian terraces, timber cottages and newer low-rise apartments, while nearby Swan Street supplies cafés, pubs and shops. A local train station and tram links make the city easy to reach, so the suburb tends to attract professionals, couples and families who want inner-city convenience paired with leafy riverfront character.

Burnley property market performance

Property growth+31.5%Past 12 months

Burnley sees relatively few recent property sales, so there isn't enough data to publish a reliable median price for houses or units. Available figures show house values rose a solid 5.0% over the last 12 months.

Over the last 3 months, 4 houses and 3 units changed hands.

The rental market in Burnley has house rents averaging $898 a week, down a moderate 2.9% over the last 12 months, while unit rents average $485 a week, down a moderate 2.0%. The two sectors fell at a similar pace.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
5.0%N/A
Sold
Past 3 months
43
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
$898$485
Change in rent
Past 12 months
-2.9%-2.0%

5 year median price trend for houses and units

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Burnley demographics

A community of 794 people with a median age of 32, the typical household here has a weekly income of $2,423 a week, roughly $126,000 a year.

Families are dominant in the mix: couple families without children are the largest group at 47.5%, while couple families with children account for 38.7%, together making up about 86.2% of all families. One-parent families represent 10.5% and other families 3.3%.

Homes in Burnley are slightly more often owner-occupied than rented, with just over half owner-occupied (51.6% combined: 22.3% owned outright and 29.3% owned with a mortgage) and renters making up 48.4%.

Suburbs near Burnley

Some popular suburbs near Burnley include:

  • Richmond: Riverside suburb beside the Yarra with busy shopping and dining strips.
  • Cremorne: Former industrial area with creative workplaces and pockets of riverside housing.
  • South Yarra: Popular suburb for shopping, cafés and an active evening scene.
  • Toorak: Leafy suburb noted for grand period homes and wide, tree-lined streets.
  • Hawthorn: Family-oriented suburb with generous parkland and village-style shopping strips.

How does Burnley compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Burnley have grown 10.0% higher than in Richmond.
  • 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 41.6% 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 37.1% 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.

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.

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