Burnley

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Located 4km East of Melbourne’s CBD with a population of 708 (2006 census) Burnley is often over looked by buyers because it is factored into the greater Richmond area. It has a mix of commercial, residential and industrial areas with a younger demographic than many of the surrounding suburbs.  A large number of residents rent in Burnley and there is a significant student presence due to the Burnley Horticultural college which is part of the University of Melbourne.  With its small narrow streets and small land sizes, property is a mix between Victorian and Edwardian terraces, and more modern town houses and high rise blocks of flats. Many of the streets fall under Heritage overlays, and therefore development will be limited in these areas. The Burnley Tunnel runs under Burnley, and properties around the entrance point is an area buyers should avoid due to noise concerns, pollution, and the industrial zones.

There are some  treasures to be found in Burnley one of which would be Burnley Gardens. Due to the Horticultural Collage, Burnley has played an important part in establishing Victoria as the ‘garden state’ of Australia.  The gardens – open to the public every day of the year – play testament to this and provide the suburb with an important legacy.  Other major parks in Burnley include the Burnley Golf Course and Ryans Reserve.

Buyers looking in Burnley would do well to avoid the industrial areas which manly fall in and around Swan St.  Although Swan street has a range of good shops, restaurants and cafes, it also plays host to factories and other businesses which residents may not want to reside close to.  There is quite a significant Greek population in Burnley and the cultural influences are evident in the Greek restaurants along Swan St and places of worship. Burnley isn’t a suburb that traditionally attracts families, and couples without children make up the larger demographic.  Investors should look at properties which attract this demographic – flats, apartments and town houses – to ensure strong growth and consistent demand.


Amenities:

Schools –

  • Burnley campus of the University of Melbourne

Transport –

Burnley train station, and tram service number 70.

Shops –

The major shopping strip is located on Swan St, which also contains many furniture factory outlets, along with restaurants and convenience stores.


House Styles:

Burnley is an area of high density. As such the real estate in this area consists of homes on small blocks of land (roughly 200 sqm in size) – many period in style (Edwardian and Victorian single fronted terrace houses, some double story in style) , and modern town houses consisting of 2/3 bedrooms. A large proportion of the land scape is made up of flats and apartments, and considering Burnley’s large student population and younger demographic, flats and apartments form the dominant type of accommodation.


Recent Sales:

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