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%