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Originally a farming and brick-making district, Burwood evolved into a residential suburb during the post-WWII housing boom. The establishment of Deakin University in the 1970s transformed the suburb's demographic and economic profile. The recent redevelopment of the Burwood Brickworks has modernised the suburb's retail and sustainability credentials.
A high-energy educational hub featuring a mix of mid-century family homes, modern townhouses, and high-density student accommodation.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Burwood is a strategic 'middle-ring' suburb that bridges the gap between the affluent inner-east and the high-growth eastern corridor. Its status as an education hub makes it more resilient to market downturns than purely residential suburbs.
$1.35m – $2.4m
$550k – $1.1m
12-month movement
Current asking rents
House prices remain robust due to land scarcity, while the unit market is bifurcated between older spacious flats and new high-density student stock.
Price comparison
Median price ÷ median income
Estimated rental yield
Burwood is increasingly out of reach for first-home buyers looking for houses, pushing them toward townhouses or neighboring Ashwood.
Lower = tighter market
Avg time on market
Annual rental increase
International and domestic students, university staff, and young families.
Strong cash flow potential for properties near Deakin. Long-term capital growth is tied to the completion of the SRL station.
Expect outperformance relative to the Melbourne average as the SRL project nears completion and the 'SRL Precinct' masterplan begins to take shape.
vs last 12 months
Relative comparison
Check lighting and security in streets immediately adjacent to the university where foot traffic is highest.
The primary risks involve infrastructure-related disruption and environmental factors near the creek corridor.
Moderate risk in properties bordering Gardiners Creek; check Whitehorse Council flood maps.
Low risk; urbanised environment with managed parklands.
Standard premiums apply, though flood-prone properties may see higher costs.
Special Controls Overlay (SCO14) for SRL; Land Subject to Inundation Overlay (LSIO) near creek.
Burwood Highway corridor and the area surrounding the new SRL station site.
The SRL precinct planning will likely lead to significant rezoning, potentially increasing land value for homeowners in the 'walkable catchment'.
Excellent tram (75) and bus network; future underground rail connection.
High; Burwood Brickworks and Burwood One provide comprehensive retail.
Excellent; Wattle Park and Gardiners Creek Trail offer significant recreation.
Elite; access to high-ranking public and private institutions.
Good; proximity to Box Hill Hospital and local medical clinics.
A multicultural, highly educated population with a significant youth demographic due to the university.
The high percentage of renters and students creates a transient but high-demand rental market, while the owner-occupier base remains stable and affluent.
Dominated by the Suburban Rail Loop East project, which is the largest infrastructure project in Victoria's history.
Residents value the educational opportunities and the 'green' feel of the suburb, though frustration with traffic and SRL construction is rising.
We moved here for the schools and haven't been disappointed. Wattle Park is a gem for the kids.
Everything I need is at the Brickworks. The tram makes it easy to get to the city for work now.
The traffic on Burwood Highway is getting unbearable with all the trucks from the rail project.
It was expensive to get in, but with the new station coming, I know the value will hold.
I never have a vacancy for more than a week. Students are always looking for clean, modern units.
The mix of cultures here is great for business. It feels very safe and welcoming.
Position the property as a 'future-proofed asset' that benefits from both established educational prestige and upcoming world-class rail infrastructure.
High-yield student accommodation or long-term capital growth via the SRL station precinct.
Over-leverage in a high-interest environment and potential for generic apartment oversupply.
Great access to food, study spaces, and public transport.
High competition for rentals; some student units are very small.
Ensure strict adherence to smoke alarm and gas/electrical safety checks required by VIC law.
Focus on 'The SRL Advantage' and 'The Education Capital of the East'.
Upsizing families, international investors, and academic professionals.
This report is based on data available as of 2026-03-05. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent research and seek professional advice before making any property purchase.
Now
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Before
Brand New Contemporary Family Luxury in the Heart of Burwood
A successful future in Mount Waverley Secondary College heartland
$580,000 - $638,000
2 2 1
Open Saturday 27 June 11:10 am
$880,000 - $950,000
2 1 2
Open Saturday 27 June 9:15 am Auction Saturday 18 July 10:30 am
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