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Central Goldfields Shire

Burnbank

Burnbank Property Market
& Suburb Profile

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BURNBANK price TRACKER

Houses

Burnbank Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$407pw

Average rental yield for Houses

(all agencies, last 12 months)4.43%

Burnbank total population size

(as at the last census)47

Median household size in Burnbank

(as at the last census)2.3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

OCCUPANCY in Burnbank

  • Owned 80%
  • Rented 0%
  • Other/Not Stated 20%
  • Singles 33%
  • Families 67%
  • Other 7%

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About Burnbank

Located in the heart of Victoria's Central Highlands, Burnbank is a serene rural suburb that offers a peaceful escape from the hustle and bustle of city life. Ideal for those seeking a quiet and idyllic setting, Burnbank is perfect for families, retirees, and anyone looking to embrace the tranquility of country living.

Community and Lifestyle

Burnbank is characterised by its relaxed rural lifestyle, life here is unhurried, allowing residents to fully appreciate the natural beauty and calm that surrounds them.

Housing and Real Estate

The real estate market in Burnbank primarily consists of expansive properties, including charming farmhouses, country cottages, and modern rural homes. Properties often come with large plots of land, offering plenty of space for gardens, hobby farms, and outdoor activities. The affordability and variety of housing options make Burnbank an attractive destination for those looking to invest in rural property or those seeking a country retreat for weekend getaways, or a peaceful place to call home.

Education and Amenities

Residents have access to all their needs in nearby towns such as Beaufort and Ballarat. These neighbouring towns provide a range of services, including shopping centres, healthcare facilities, recreational amenities and schooling.

Recreation and Leisure

Burnbank offers ample opportunities for outdoor activities. The surrounding countryside is perfect for hiking, cycling, horse riding and exploring nature. Nearby parks and reserves provide beautiful settings for picnics and leisurely walks. Additionally, the region is rich in history and culture, with various local attractions and heritage sites to explore.

Transport and Accessibility

Burnbank is well-connected by road, making it easily accessible from major towns and cities. Approximately a two-hour drive from Melbourne CBD. Public transport is available in nearby larger towns.

Demographics and Growth

Burnbank's appeal continues to rise as more people seek out the benefits of a quieter lifestyle while remaining connected to larger urban centres.

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Burnbank MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20250-no change1$407pw4.43%
20240-no change0$405pw4.37%
20232$672,500no change1$380pw4.06%
20220-no change0$361pw3.95%
20210-no change0$316pw3.70%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20250-no change
20240-no change
20232$672,500no change
20220-no change
20210-no change

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20251$407pw4.43%
20240$405pw4.37%
20231$380pw4.06%
20220$361pw3.95%
20210$316pw3.70%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.