Hazelwood Park demand is anchored in Burnside’s leafy, well‑serviced pockets, premium schools and easy CBD access, so city professionals and growing families continue to bid strongly for the tiny turnover that filters through. Median house values hover around $1.9m and have risen roughly 16–17% year-on-year, with the past six months still edging higher as limited listings and fast sale times keep buyers active. Affordability and low rental yield cap upside, but careful renovations or infill of underutilised sites can still lift returns in this tightly held suburb.