Burnie has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 7.65% to date .
At number 6th of TAS’s most discounted properties, Burnie is in the bottom 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 9.44%, investors should hope to achieve an overall return of 5.11%
LACK OF BUYER INTEREST may well be the reason that Burnie is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 1st in terms of most discounted suburbs in TAS
The TAS suburb of Burnie, 7320 is in the Burnie local government area.