Question 1

Is Burswood a nice place to live?

Accepted Answer

Burswood is a delightful suburb that offers a unique blend of urban convenience and scenic beauty, making it a fantastic place to live. With its vibrant atmosphere and proximity to Perth's CBD, Burswood is perfect for those who enjoy a lively lifestyle while still valuing the tranquility of riverfront living. The suburb is known for its dynamic culture, with a strong emphasis on entertainment and leisure, making it a popular choice for both families and professionals. The presence of parks and green spaces along the Swan River provides ample opportunities for outdoor activities and relaxation, contributing to the suburb's overall livability.

Families will find Burswood particularly appealing due to its excellent transport links and access to amenities. The suburb's connectivity via the Burswood train station and frequent bus services ensures easy commuting to the city and beyond, which is ideal for working parents and professionals. While Burswood offers a vibrant lifestyle, it's important to note that the bustling entertainment scene can lead to increased noise levels, especially during major events. Additionally, the high demand for rental properties reflects the suburb's popularity, which can result in competitive housing markets.

Safety in Burswood is generally not a major concern, with the suburb maintaining a welcoming and secure environment for its residents. The community spirit is strong, with diverse family dynamics contributing to a rich cultural tapestry. While the suburb may not offer the quietude of more suburban areas, its lively vibe and strategic location make it an attractive option for those seeking a balance between work, leisure, and family life. Overall, Burswood's combination of urban excitement and natural beauty makes it a charming place to call home.

Question 2

Is it expensive to live in Burswood?

Accepted Answer

Living in Burswood can be a bit pricey, especially when it comes to renting. The median unit price in Burswood is around $835,000, which is significant considering the lack of available houses for purchase. Renting is also on the higher side, with the average rent for houses being about $800 per week and units around $730 per week. These figures suggest that housing and rental prices in Burswood are relatively high compared to other areas.

When comparing this with the average full-time wage in Perth, which is approximately $90,000 per year, the cost of living in Burswood, particularly in terms of housing, can take up a substantial portion of one's income. The median total household income in Burswood is $1,975 per week, which is above average, but the high rental prices could still pose a challenge for many residents. If you're thinking of living in Burswood, it's important to consider these financial aspects, as the suburb's desirability and proximity to Perth's city center contribute to its higher living costs.

Question 3

Is Burswood a good place to invest?

Accepted Answer

Burswood presents an intriguing opportunity for property investors, particularly those interested in units. Over the past 12 months, the median unit value in Burswood has surged by an impressive 20.4%, indicating strong demand and potential for capital growth in this segment. This is a significant contrast to the stagnant house prices, which have seen no change in the same period. The rental market also shows promise, with unit rents increasing by 4.3%, slightly outpacing the 3.9% rise in house rents. This suggests a healthy rental demand, which is essential for investors seeking steady rental income.

The suburb's appeal is further enhanced by its proximity to key attractions and amenities, such as the Crown Perth entertainment complex and Optus Stadium, making it a desirable location for both residents and visitors. This vibrant lifestyle, combined with the convenience of nearby transport links, adds to Burswood's attractiveness as a place to live and invest. While houses may not currently offer the same growth potential as units, the overall market dynamics suggest that Burswood is a suburb worth considering for those looking to invest in the Perth property market, particularly in the unit sector.

	Houses	Units
Median price Past 3 months	N/A	$970K
Change in value Past 12 months	-26.5%	14.6%
Sold Past 3 months	8	16
Median days on market Past 12 months	24	21
Average rent Past 12 months	$800	$740
Change in rent Past 12 months	6.7%	5.7%

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