Question 1

Is Burwood a nice place to live?

Accepted Answer

Burwood sits in Sydney’s inner west around a busy retail and transport hub on Burwood Road. A major shopping centre and a lively strip of cafés and Asian restaurants sit beside tree-lined streets of period cottages, terraces and medium-density apartment blocks. Burwood Park and other green spaces provide playgrounds and sporting fields, and the railway station plus frequent buses give easy links to the city and Parramatta.

The suburb is home to about 18,224 people with a median age of 32 and appeals to professionals, families and people who want multicultural conveniences close to parkland. Renting is the most common tenure (61.6%) while 38.5% of homes are owner-occupied, so it suits a mix of households. A state-led rezoning around a future Burwood North Metro station and a range of council projects, from a culture house to park and sports upgrades, mean there is ongoing local investment; whether that suits you depends on what you’re after.

Question 2

Is it expensive to live in Burwood?

Accepted Answer

On the figures, housing in Burwood sits well above what local households earned at the last Census. A house rent of $1,000 a week would take about 59.8% of a typical local household's weekly income at the last Census, and a unit rent of $850 a week would take about 50.9% of that weekly income, both large shares. For buyers, the median house price of $2,732,500 is about 31.4 times a typical local annual household income at the last Census, while the median unit price of $827,500 is about 9.5 times that annual income. If you're renting rather than buying, the rent share is the most relevant figure; if buying, look to the price multiples.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Burwood a good place to invest?

Accepted Answer

Rents have outpaced property values in Burwood over the past 12 months. House rents rose a solid 8.1% while median house values edged up slightly, by 1.5%. For units, rents climbed 6.2% as unit values moved slightly lower, down 0.8%.

For someone weighing Burwood as an investment, those figures separate the income and capital sides: rental income was the stronger performer this year, while capital growth was modest for houses and slightly negative for units. Whether that balance suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$2.73M	$828K
Change in value Past 12 months	1.5%	-0.8%
Sold Past 3 months	16	44
Median days on market Past 12 months	99	49
Average rent Past 12 months	$1000	$850
Change in rent Past 12 months	8.1%	6.3%

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

Burwood suburb profile

Burwood property market performance

5 year median price trend for houses and units

Burwood demographics

Suburbs near Burwood

How does Burwood compare to nearby suburbs?

Choose the right real estate agents in Burwood

Get a head start and compare top local agents in Burwood

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market