Burrundie, NORTHERN-TERRITORY Real Estate & Suburb Profile
Comprehensive property market insights and live data for Burrundie.
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Property Market Snapshot & Data for Burrundie
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About Burrundie Real Estate
Burrundie is a locality in the Northern Territory, Australia. It is located within the Victoria Daly Region, approximately 30 km (19 mi) north of Pine Creek. A mining settlement of the same name was established in the area during the late 1880s, but the town was abandoned after 1900. The present day locality consists mostly of rural land holdings and was officially defined in April 2007 for administrative purposes. "Burrundie" is believed to be derived from the local aboriginal name for the area surrounding Mount Wells, a prominent feature in the locality.
Property Investment Potential
When analyzing the local real estate landscape, Burrundie presents a dynamic opportunity. With median property prices sitting around $1,577,000 and delivering an average rental yield of 3.9%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 25 days on the market, underscoring the consistent demand in this part of Northern Territory. For accurate financial planning, check out our investment calculators to estimate your potential returns.
Local Demographics & Lifestyle in Burrundie
Frequently Asked Questions about Burrundie Real Estate
What is the median house price in Burrundie?
The median house price in Burrundie, Northern Territory is currently estimated at $1,577,000.
Is Burrundie a good place to invest?
With a capital growth of 9.1% over the last 12 months and an average rental yield of 3.9%, Burrundie presents a solid opportunity for property investors.
What is the postcode for Burrundie?
The postcode for Burrundie in Northern Territory is 0822.