Suburb Profile Report for Burnie TAS (7320)

Burnie House: Median price $250,000, Annual capital growth 5.03%, Number of sales 25, Weekly median advertised rent $265

Burnie Unit: Median price $140,500, Annual capital growth N/A, Number of sales 19, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.40% for the last 12 months, Burnie, 7320 has performed for property investments than its average annual 5.03% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Burnie,7320 has racked up an average of 0.40% over the period. This ranks it number 2205th in the whole country for real estate investors looking at median house price increases.

Burnie, 7320 is offering TAS ‘s 13th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this TAS.

Often selling an investment property can take time, and in Burnie the average time real estate has been on the market is 127.62 days.

Property investors should expect to get $265 weekly from the median priced house in this suburb.

Vendor discounting in Burnie is giving property investors an average Vendor Discount of around -9.59%. This puts suburb at number 2nd in TAS when ranking the most discounted suburbs.

Property investors should expect to get $190 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$250,000 $140,500
-0.79% -4.75%
0.40% N/A
5.03% N/A
$265 $190
25 19
5.51% 7.03%
127.62 160.31

Source: CoreLogic

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