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Burnbank, VIC 3371
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$485,000
Median Unit
$130,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Burnbank
Burnbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Burnbank market and investor summary
In Burnbank, VIC 3371, the median house sells for around $485K. At 2.8% vacancy, it is a broadly balanced rental market.
Living in Burnbank: people, income and schools
Burnbank is home to around 47 people, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 83% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $40,000 a year (about $760 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 12.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.
- Population
- 47
- +6% over 5yr
- Median age
- 47 years
- Median household income
- $40,000/yr
- Households renting
- 17%
- Family households
- 67%
- Socio-economic rank
- 1/10
- ABS advantage index
- Unemployment
- 6.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Burnbank
No properties currently listed in Burnbank
Search Burnbank listings →Frequently asked questions about Burnbank
What should I check before investing in Burnbank?
Burnbank has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Burnbank?
The median property price in Burnbank, VIC 3371 is $485K for houses.
How tight is the rental market in Burnbank?
The current vacancy rate in Burnbank is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Burnbank?
Burnbank has a population of approximately 47 residents, with a median age of 47.
Is Burnbank affordable to buy in?
A median house in Burnbank costs about 12.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Burnbank's population growing?
The population of Burnbank has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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