Burnie has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 3.92% to date .
Burnie,7320 was ranked 3695 in Australia by increase in median property value over the quarter.
Vendor discounting in Burnie is giving property investors an average Vendor Discount of around -12.03%. This puts suburb at number 5th in TAS when ranking the most discounted suburbs.
With the median price for a house in Burnie being $265000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.30%
Our latest figures would indicate that property sellers in Burnie are currently offering property investors an average price cut of -12.28% below the asking price at the moment.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
The TAS suburb of Burnie, 7320 is in the Burnie local government area.