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Burnside suburb profile

Burnside is a prestigious suburb located in the eastern foothills of Adelaide, South Australia, known for its leafy streets and affluent lifestyle. Just 7km from the Adelaide CBD, Burnside offers a blend of historic charm and modern amenities, making it a sought-after location for families and professionals. The suburb is home to the popular Burnside Village shopping centre, offering a range of boutique stores and dining options. With its excellent schools, parks, and recreational facilities, Burnside provides a serene yet convenient living environment, attracting those who appreciate a balance of nature and urban sophistication.

Burnside property market performance

Property growth+8.0%Past 12 months

Burnside’s property market has shown a notable increase in house values over the past 12 months, with a 9% rise bringing the median house price to approximately $1.79 million. However, the unit market has remained stagnant, with no change in median unit values and limited sales activity, as only one unit was sold in the past year.

The housing market has seen 12 houses sold over the last 12 months, with properties taking a median of 81 days to sell, indicating a slower market pace. The unit market data is limited, reflecting minimal activity.

In terms of rental performance, house rents have remained stable over the past year, averaging $750 per week, while unit rents have seen a significant increase of 15.8%, averaging $550 per week, suggesting a growing demand for rental units in Burnside.

HousesUnits
Median price
Past 3 months
$2.02MN/A
Change in value
Past 12 months
4.2%N/A
Sold
Past 3 months
111
Median days on market
Past 12 months
81N/A
Average rent
Past 12 months
$770$550
Change in rent
Past 12 months
-2.3%14.6%

5 year median price trend for houses and units

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Burnside demographics

Burnside, located in the eastern suburbs of Adelaide, is renowned for its leafy streets, affluent lifestyle, and strong sense of community. With a population of 3,060, it offers a serene environment that appeals to families and retirees alike. The median age of 43 suggests a mature community, with many residents enjoying the suburb's peaceful ambiance and proximity to the Adelaide Hills.

The suburb's housing market is characterized by a high rate of home ownership, with 43.9% of properties owned outright and 38.4% owned with a mortgage. This reflects a stable and established community, where long-term residents have invested in their homes. Only 17.7% of properties are rented, indicating a preference for home ownership among Burnside's residents.

Family life is a significant aspect of Burnside, with 51.6% of households being couple families with children, and 36.6% being couple families without children. The presence of quality schools and parks makes it an ideal location for raising a family. The suburb's median total household income of $2,257 per week is indicative of its affluent status, attracting professionals and those seeking a high standard of living. Burnside's blend of natural beauty, community spirit, and convenience makes it a highly desirable place to call home.

Suburbs near Burnside

Some popular suburbs near Burnside include:

How does Burnside compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Burnside have grown 13.0% higher than in Hazelwood Park.
  • Selling speed for houses: Properties in Burnside are selling 8.0% faster than in Linden Park.
  • Investment considerations: In Burnside, the rental yield for house is 21.8% higher than the Adelaide average, while the rental yield for units is 12.2% higher.
  • House price growth: Over the past 12 months, house prices in Burnside have grown 88.8% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Burnside have grown 40.7% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Burnside

Choosing the right real estate agent in Burnside can have a big impact on your sale. While there are 25 real estate agents working in the suburb, but just 5 of them were responsible for 48.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.13% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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