Burbank Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Burbank driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Burbank ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Burbank classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Burbank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|57 LEACROFT RD, BURBANK, QLD, 4156||5||3||3||$2,400,000|
|20 MARAWAH ST, BURBANK, QLD, 4156||6||2||2||Under Offer|
Sinai College(While the above schools are located with the suburb of Burbank there may also be nearby schools whose catchments cover this suburb)
Local Crime Stats
Average Local Climate by month
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source: Australian Government Bureau of Meteorology
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