Suburb Profile Report for Burnie TAS (7320)

Burnie House: Median price $251,000, Annual capital growth 4.24%, Number of sales 27, Weekly median advertised rent $275

Burnie Unit: Median price $150,000, Annual capital growth -9.69%, Number of sales 17, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 8.18% which means that Burnie, 7320 has done well for property investors by showing a capital gain of 5.46% over the last year

Taking the average capital gain, or increase in median house value, Burnie,7320 has racked up an average of 5.46% over the period. This ranks it number 2225th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Burnie are currently offering property investors an average price cut of -8.33% below the asking price at the moment.

In the last year 27 properties changed hands in Burnie, which puts it as the 114th most active market in TAS when comparing the number of sales per suburb.

Burnie, 7320’s gross rental yield is 5.70%

Burnie has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.69% to date .

Burnie,7320 was ranked 741 in Australia by increase in median property value over the quarter.

The most recent median price for Burnie is $150000, with sellers offering an average of -8.53% off the asking price.

With the median price for a house in Burnie being $150000 and the advertised rent reaching $190 the gross rental yield for property investors calculates out to be 6.59%

Metrics i HOUSE UNIT
$251,000 $150,000
2.45% 1.35%
5.46% 1.69%
4.24% -9.69%
$275 $190
27 17
5.70% 6.59%
117 156.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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