The Burwood Vic median house price sits at approximately $1,480,000 as of mid-2026, based on CoreLogic rolling 12-month data for the suburb. That figure reflects a resilient inner-east Melbourne market that continues to attract families, upsizers, and long-term investors despite broader interest-rate headwinds experienced across Victoria since 2022.
Burwood is one of Melbourne’s most tightly held residential pockets. Sitting roughly 13 kilometres east of the CBD, it straddles the City of Whitehorse and draws buyers who want leafy streets, quality schooling, and reliable public transport without paying the premium attached to neighbouring Box Hill or Camberwell. Understanding what drives the Burwood Vic median and broader property market is essential whether you are buying, selling, or investing.
What Is the Burwood Vic Median House Price Right Now?
According to CoreLogic data for the 12 months to June 2026, the Burwood Vic median house price stands at $1,480,000, representing a year-on-year increase of approximately 4.2% from the $1,420,000 recorded in June 2025. On a quarter-on-quarter basis, prices nudged up roughly 1.1% between April and June 2026, signalling continued (if measured) upward momentum.
Units and townhouses in Burwood tell a slightly different story. The median unit price sits at around $780,000, up 3.6% year-on-year, according to PropTrack’s June 2026 suburb report. The gap between house and unit medians underscores how strongly detached family homes are prized in this suburb.
Recent Sold Comparables in Burwood
- 4-bedroom family home, Elgar Road precinct — sold $1,610,000 (May 2026)
- 3-bedroom brick veneer, Eley Road corridor — sold $1,395,000 (April 2026)
- 3-bedroom renovated weatherboard — sold $1,520,000 (March 2026)
- 2-bedroom townhouse, Burwood Highway fringe — sold $795,000 (May 2026)
These comparables confirm that well-presented homes on land of 600 square metres or more are regularly clearing the $1.5 million mark, while smaller post-war homes on tighter blocks are finding natural support around the $1.3 million to $1.4 million range.
What Do the Broader Numbers Say About Burwood Vic Property?
Context matters when interpreting any single median figure. SQM Research data to May 2026 records Burwood’s residential vacancy rate at just 1.2%, well below the Greater Melbourne average of 1.8%. Low vacancy is a reliable indicator of rental demand and, in turn, supports capital values for investors considering buying in Burwood Vic.
The suburb’s gross rental yield in Burwood Vic for houses is estimated at 2.6%, which is modest relative to Melbourne’s outer-ring suburbs but consistent with comparable inner-east locations such as Glen Iris or Canterbury. Rental yields in Burwood tend to compress as capital values rise, making this suburb more suited to long-term wealth accumulation rather than immediate cash flow.
Days on Market and Vendor Discounting
Homes in Burwood are selling relatively quickly. The average days on market for detached houses was 32 days in the June quarter 2026, down from 38 days in the same period in 2025. Vendor discounting (the gap between initial asking price and final sale price) has narrowed to approximately 3.8%, suggesting sellers are pricing realistically and buyers are willing to compete for quality stock.
Auction clearance rates in Burwood have been tracking at 72% for the first half of 2026, outperforming the Melbourne metro average of 65%. High clearance rates typically indicate strong buyer sentiment and limited supply, both of which underpin price stability.
Why Is Burwood Vic So Tightly Held?
Several factors contribute to Burwood’s status as one of Melbourne’s most tightly held suburbs:
1. Proximity to Melbourne CBD
Burwood sits just 13 kilometres east of the city centre, offering a genuine inner-suburb lifestyle without the traffic congestion and density of suburbs closer to the Yarra. Deakin University’s Burwood campus is a major employer and education drawcard, creating consistent rental demand from students and academic staff.
2. Transport Connectivity
Burwood is serviced by several tram routes along Burwood Highway, providing direct links to the CBD and Box Hill. The nearby Alamein train line (via Ashburton or Camberwell stations) offers additional public transport options. For car commuters, the Monash Freeway and Eastern Freeway are both easily accessible.
3. Quality Schools
Burwood is zoned for several well-regarded public schools, including Burwood Primary School and Canterbury Girls’ Secondary College. Proximity to elite private schools such as Wesley College (Glen Waverley campus) and Camberwell Grammar School adds further appeal for families prioritising education.
4. Parks and Lifestyle Amenity
The suburb offers generous parkland, including Wattle Park (one of Melbourne’s largest regional parks) and Burwood Reserve. These green spaces are complemented by local shopping strips along Burwood Road and Toorak Road, providing everyday convenience without reliance on major shopping centres.
What Does the Future Hold for Burwood Vic Median Prices?
Looking ahead, the Burwood Vic property price forecast for 2026-2027 suggests continued, moderate growth. Most analysts project annual growth in the range of 3% to 5%, supported by low vacancy, high clearance rates, and ongoing demand from owner-occupiers.
However, several headwinds remain. Interest rates are expected to hold at current levels through late 2026, limiting borrowing capacity for some buyers. Construction costs remain elevated, and there is little prospect of significant new housing supply in Burwood given the suburb’s established character and limited vacant land.
Investor vs Owner-Occupier Dynamics
Burwood’s market is overwhelmingly owner-occupier driven. ABS census data indicates that approximately 68% of dwellings in Burwood are owner-occupied, compared to 62% for Greater Melbourne. This high owner-occupier ratio tends to stabilise prices during downturns, as long-term residents are less likely to sell under pressure.
Investors who do buy in Burwood typically hold properties for extended periods, banking on capital growth rather than rental yield. Those seeking higher yields may be better served by outer-ring suburbs or off-market properties in Burwood Vic that offer renovation upside.
How Does Burwood Compare to Neighbouring Suburbs?
To understand Burwood’s position in the inner-east market, it helps to compare median prices and growth rates with nearby suburbs:
- Box Hill — median house price $1,620,000 (June 2026), up 5.1% year-on-year
- Ashburton — median house price $1,850,000 (June 2026), up 4.8% year-on-year
- Glen Iris — median house price $2,150,000 (June 2026), up 3.9% year-on-year
- Surrey Hills — median house price $2,050,000 (June 2026), up 4.3% year-on-year
Burwood offers a relative entry point compared to Ashburton, Glen Iris, or Surrey Hills, yet still delivers many of the same lifestyle benefits. This positioning makes Burwood particularly attractive to first-time buyers stretching into the inner-east market or families trading up from outer suburbs.
Final Thoughts: Is Burwood Vic Worth the Investment?
The Burwood Vic median house price of $1,480,000 reflects a mature, stable market with strong fundamentals. Low vacancy rates, high clearance rates, and consistent demand from owner-occupiers all point to a suburb that will continue to perform well over the medium to long term.
For buyers, the key is securing well-located property on a decent block size, ideally within walking distance of trams or parkland. For investors, patience is required as yields are modest and growth is incremental rather than explosive. However, those willing to hold for 7 to 10 years are likely to be rewarded with solid capital appreciation and minimal downside risk.
Whether you are buying your first home, upsizing, or adding to an investment portfolio, understanding the Burwood Vic median and the factors driving it will help you make informed decisions in one of Melbourne’s most resilient property markets.
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