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Suburb Insights ยท VIC 3121

Burnley 3121, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Burnley is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 794, making it a boutique locality. Located 5 km from the Melbourne CBD, Burnley is a middle ring area in Victoria. The median household income is $125,996 AUD per year (ABS 2021 Census).

Investment Score

74 / 100 Good

Above-average earnings in Burnley support sustained property values. Its proximity to the CBD adds a strong location premium.

Location

Map shows Burnley, Victoria, Australia.

Key Indicators

Postcode
3121

Official Australia Post postcode for Burnley. A postcode may cover multiple suburbs.

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Population
794

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$440/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$125,996/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
5 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,200/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
17% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Burnley's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $440/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,200/month. A median household income of $125,996/year supports premium property values and indicates a well-employed resident base. With only 17% separate houses, Burnley has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Solid fundamentals in Burnley support capital growth over a medium to long hold period.

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Rental Yield

Burnley can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Burnley may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Burnley

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

The outlook for capital growth in Burnley is encouraging heading into 2026, driven by constrained supply and buyer competition. The rental market in Burnley should see steady occupancy, with moderate upward pressure on rents. Burnley remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Burnley a good suburb for investment?

Burnley is a middle ring area in Victoria with a population of 794. The median rent is $440/week and the median household income is $125,996/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Burnley?

Key demand drivers in Burnley include established amenities and transport access. 17% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Burnley?

According to the ABS 2021 Census, Burnley has a population of approximately 794. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Burnley from the Melbourne CBD?

Burnley is approximately 5 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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