Burwood (VIC 3125) stands out because it brings together Deakin University, Route 75 tram access, everyday convenience and a value edge compared with some neighbouring blue-chip suburbs. For buyers, that can mean a more balanced mix of liveability and practicality. For investors, it can point to dependable tenant demand from students, professionals and education or health workers.
This guide is for first-home buyers and upsizers who want amenity and value without feeling too far from Melbourne’s inner east. It also suits investors looking for consistent rental enquiries, as well as downsizers comparing single-level, lift-access homes near shops, services and public transport.
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Metric |
Burwood (VIC 3125) |
Source to cite |
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Median apartment price (YoY) |
$841,500 (5.5% ⬆️) |
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Median house price (YoY) |
$1,500,000 (11.1% ⬆️) |
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Gross rental yield (1-bed, 2-bed) |
1-bed unit: 5.7% 2-bed unit: 4.7% |
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Days on market, vacancy rate |
Houses: 27 days Unit and apartment: 30 days Vacancy Rate: 2.4% |
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Deakin enrolments (Burwood campus) |
29,071 |
Annual Report 2024: Melbourne Burwood campus enrolments |
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PTV Tram 75 frequency (peak, off-peak) |
Service Frequency: Monday - Friday morning peak: 7 minutes Monday - Friday off-peak: 12 minutes Monday - Friday evening peak: 8 minutes Monday - Friday after 7:30 pm: 20 minutes Saturday: 12 - 20 minutes Sunday: 20 - 30 minutes |
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Walk time to tram and shops (key pockets) |
Tram (route 75, Stop 64): 10 mins Shop (Burwood Brickworks Shopping Centre): 11 mins |
Burwood’s appeal is straightforward. Deakin creates a steady flow of student, staff and contractor activity, while Route 75 and key bus links support movement across Melbourne’s east. Add supermarkets, cafés, parks and Gardiners Creek Trail, plus easy reach to Box Hill and Chadstone, and Burwood often feels well-rounded without the higher price tag of nearby suburbs.
Route 75 is Burwood’s headline link, connecting through Camberwell and Richmond toward the CBD. Yet for many buyers, the real value lies in being able to walk to stops and move around easily without relying on a car every day.
Bus connections add flexibility to Box Hill and surrounding health precincts, while driving access can suit family routines and work travel. For active buyers, the Gardiners Creek Trail is another strong lifestyle advantage.
Deakin Burwood is a major local anchor and semester timing often shapes leasing activity. Nearby health and teaching hubs also broaden the tenant profile, which can support more stable enquiry across different renter groups.
Burwood offers a mix of boutique low-rise apartments, mid-rise buildings and townhouses. For investors, layouts that usually perform well include:
For downsizers, lift proximity and acoustic separation can be more valuable than oversized shared amenities.
The Deakin precinct tends to attract the strongest student and staff demand, while the tram-first corridor suits buyers who value easy daily commuting. Quieter residential streets can appeal more to downsizers and the edges toward Ashwood and Box Hill South may suit value-focused buyers willing to compare amenity access more closely.
Burwood can compete strongly on liveability while often sitting below Camberwell and Surrey Hills on price. Compared with Ashwood and Box Hill South, the decision often comes down to which pocket offers the best balance of walkability, building quality and ownership costs.
A practical point for apartment buyers is the owners' corporation levies. Buildings with lifts, parcel lockers and stronger shared amenities can cost more to run, so it is worth comparing what genuinely improves day-to-day living.
For investors, a strong option is a 2-bed, 2-bath layout with split bedrooms, natural light, a study nook and storage. First-home buyers may get the most value from a 1-bed plus study with a practical kitchen and a balcony that can actually be used. For downsizers, step-free access, adequate storage, a secure, well-managed building and easy access to shops, transport and services can be especially appealing.
When reviewing the development, walk the surrounding area and note daily essentials such as a grocer, chemist and café. Study the floor plan carefully to confirm bedroom separation, storage and the flow from parking to the front door. Pay close attention to the building's orientation and the position of living areas and bedrooms on the plan to assess likely light access and noise exposure once complete.
Yes. Burwood often suits Deakin-linked renters because campus access and public transport make daily life easier.
Two-bed, two-bath layouts with bedroom separation often appeal to sharers, while one-bed plus study can suit solo professionals.
Many buyers aim for an easy walk to a stop so commuting stays simple and flexible.
Review pet rules, move-in procedures, noise guidelines and any restrictions that may affect your lifestyle or leasing plans.
If Burwood feels like the right mix of education, transport and value, explore Parkview Burwood and learn more about current opportunities.
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