105 Parer Street, Burwood VIC 3125
105 Parer Street, Burwood VIC 3125
3 bed 1 bath 2 car house | sold $1.6115M | established Burwood street | long owner tenure | low rental yield
This three-bedroom, one-bathroom, two-car house is positioned on Parer Street, an established residential pocket where family-scale detached housing dominates. The configuration matches the street’s typical stock, and the sale outcome achieved was notably strong, reflecting a pocket priced above the broader Burwood norm. Long tenure is common, with most residents remaining for over a decade, signalling a stable, low-churn owner-occupier market. Rental yields are low for similar houses, so buyers are driven by occupancy, school access, and land values rather than income return. This property best suits a family buyer or long-term holder.
The property’s value may be influenced by land size, orientation, and original building condition. Renovation extent may play a material role. Suburban Rail Loop planning activity may introduce uncertainty, and school catchment boundaries might vary at parcel level. These could narrow or broaden competition, though the established street character is expected to anchor demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 105 Parer Street, Burwood VIC 3125
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Burwood occupies a family-focused niche in Melbourne’s east, with 15,147 residents and a median age of 35. Demand stems from households prioritising school catchments and arterial access to the eastern transport network. The median house price is $1.5 million, having grown 11.1% over the year; units stand at $841,500, up 5.6%. Houses clear in a median 27 days, with auction success at 80.4%, while yields remain thin: 2.7% for houses and 4.3% for units. Future growth is underpinned by infrastructure and schooling, but risks are visible: quarterly prices fell 11.5% for houses and 6% for units, house sales volume dropped 21.2% year-on-year, and units now take 98 days to sell.
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PropCred Estimated Value
Comparable Sales: 84 Parer Street 3/1/1 sold $1.5M; 1 Parer Street 3/1/2 sold $1.56M | Property Price Band: $1.6M–$1.7M | Value Drivers: condition, land size, street position
Bedrooms
3
Bathroom
1
Parking
2
Land
696m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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