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

Burwood East is an established eastern suburb with leafy streets, family-sized brick homes and pockets of newer townhouse infill. It sits around a network of parks and reserves, with the Koonung Creek linear park providing walking tracks and green space, and local shops clustered around the Burwood Brickworks precinct and nearby shopping centres. Residents are a mix of families, long-term locals and professionals who value quiet residential streets with easy access to schools, community facilities and bus links, while arterial roads and nearby train stations connect the area to the wider city.

About 10,675 people live in Burwood East and the median age is 41; households earn around $1,610 a week. Ownership is high, with roughly three in four homes owner-occupied and about 27% rented. Major infrastructure work is under way as part of the Suburban Rail Loop East, including a new underground station near Deakin University, tunnel-boring activity and associated tram, pedestrian and walking and cycling upgrades. Local council planning has also focused on the Tally Ho activity centre, Burwood Heights and the former brickworks site, with studies considering recreation precinct options.

On the figures for Burwood East, housing takes a sizeable share of local incomes at the last Census. With a typical local household earning $1,610 a week at the last Census, the average house rent of $710 a week would take about 44.2% of that weekly income and the average unit rent of $660 a week would take about 41.1%. If you plan to rent, those rent shares are the most relevant numbers for your budget.

Buying is further from local incomes: the median house price of $1,270,000 is about 15.2 times a typical local annual household income at the last Census, while the median unit price of $657,500 is about 7.9 times. On these figures, both renting and buying take substantial shares of what a typical local household earned at the last Census; whether that feels expensive depends on your own income and circumstances.

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

Over the past 12 months in Burwood East, unit values rose 19.9%, a strong increase, while median house values edged up 1.6%. On the income side, house rents climbed a solid 7.6% compared with a modest 4.8% lift for unit rents, so houses have been the stronger performer for rental income this year while units delivered the larger capital gain.

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.