Burwood sits on the more affordable edge of this part of the east, and that value is drawing steady demand, helped by busier opens than July and buyers showing genuine confidence to act. The house ladder here is unusually compressed, a three-bedroom home sits near $1.25 million and a five-bedroom near $1.56 million, so trading up within the suburb is more achievable than in most neighbouring areas.
The apartment and townhouse market is the busy end, with smaller homes clearing at strong rates, 91.4 per cent for units, as first-home buyers and investors compete for low-maintenance stock that is turning over faster than in previous months.
With the $700,000 to $1.2 million range the most active band, buyers are enjoying real choice and the time to do their due diligence properly. For sellers, presentation and a price anchored to this year's local results are what turn that growing field of buyers into a firm offer.
Median sale price for houses in Burwood is $1,350,000, up 0.0% from last year.
Median sale price for units in Burwood is $550,000, down 0.9% from last year.
Properties sold for houses in Burwood is 222, up 10.4% from last year.
Properties sold for units in Burwood is 125, down 8.8% from last year.
Auction clearance for houses in Burwood is 72.1%, down 9.0% from last year.
Auction clearance for units in Burwood is 84.6%, up 14.8% from last year.
Av days on market for houses in Burwood is 49, up 2.1% from last year.
Av days on market for units in Burwood is 52, up 8.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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