Suburb Profile Report for Burnie TAS (7320)

Burnie House: Median price $275,250, Annual capital growth 8.45%, Number of sales 22, Weekly median advertised rent $270

Burnie Unit: Median price $145,000, Annual capital growth N/A, Number of sales 13, Weekly median advertised rent $193

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Burnie, 7320 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.94%.

Across a shorter period, Burnie, 7320 has seen a median price increase of 2.71% over the last quarter.

Property investors looking for a bargain in Burnie should be aiming for at least -11.68% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 22 properties changed hands in Burnie, which puts it as the 122th most active market in TAS when comparing the number of sales per suburb.

Burnie, 7320’s gross rental yield is 5.10%

A -27.50% growth in median value for property investors in Burnie,7320 puts this suburb at number 17th in terms of best performing suburbs in TAS

Burnie7320 is located in TAS which offers an average discount of -5.48% to property investors. Burnie itself is showing figures that indicate -12.28% is the average achievable by property buyers investing in the suburb.

Burnie, 7320’s gross rental yield is 6.90%

HOUSE UNIT
$275,250 $145,000
2.71% 3.20%
7.94% N/A
8.45% N/A
$270 $193
22 13
5.10% 6.90%
152.88 182.8

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Burnie TAS
Demographics
Total population 696
Median household income ($/weekly) 826
Median age of persons 38
Median housing loan repayment ($/monthly) 1248
Average household size 1.8
  • Census Count Percent(%)
    5-14 years 64 9.2
    25-34 years 98 14.1
    35-44 years 74 10.6
    45-54 years 107 15.4
    55-64 years 91 13.1
    Others 262 37.6
    Age Group
    Census Count Percent(%)
    Not Married 273 53.3
    Registered Married 185 36.1
    Defacto Relationship 54 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 555 84.7
    Croatia 9 1.4
    Papua New Guinea 12 1.8
    United Kingdom 34 5.2
    Other 13 2.0
    Others 32 4.9
    Country of Birth
    Census Count Percent(%)
    Christianity 376 59.6
    No Religion 235 37.2
    Buddhism 12 1.9
    Hinduism 4 0.6
    Islam 4 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 28 8.8
    $300-$399 37 11.6
    $400-$599 41 12.9
    $600-$799 35 11.0
    $800-$999 35 11.0
    Others 143 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 221 39.7
    Not in the labour force 198 35.6
    Employed, worked part-time 89 16.0
    Unemployed, looking for work 27 4.9
    Employed, away from work 21 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 61 18.5
    Professionals 73 22.1
    Technicians & trades workers 35 10.6
    Community & personal service workers 46 13.9
    Clerical & administrative workers 52 15.8
    Others 63 19.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 43 36.8
    Secondary 33 28.2
    Technical or Further Educational Institution 22 18.8
    University or other Tertiary Institutions 16 13.7
    Pre-school 3 2.6
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 437 69.8
    Flat, unit or apartment 131 20.9
    Semi-detached, row or terrace house, townhouse 33 5.3
    House or flat attached to a shop, office 25 4.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 175 54.5
    Fully owned 78 24.3
    Being purchased 68 21.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals