Located in Victoria within the Yarra local government area, Burnley is a small community (postcode 3121). It is home to about 794 residents, with a mix of young professionals and families and a median age of 32. Households earn a median income of $126K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Burnley is $1.6 million, having risen modestly by 1.1% over the past year. Units have a median price of $527,000 (+56.6% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,200.
Public transport access includes 2 rail stations, 4 bus stops. The crime rate in the Yarra LGA is higher than average at 15,221 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.2% (low yield). Property prices are above the state median ($1.6M/$850K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +1.1% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.