If you compare the increase in value of investment property in Burnie, 7320 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.94%.
Across a shorter period, Burnie, 7320 has seen a median price increase of 2.71% over the last quarter.
Property investors looking for a bargain in Burnie should be aiming for at least -11.68% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 22 properties changed hands in Burnie, which puts it as the 122th most active market in TAS when comparing the number of sales per suburb.
Burnie, 7320’s gross rental yield is 5.10%
A -27.50% growth in median value for property investors in Burnie,7320 puts this suburb at number 17th in terms of best performing suburbs in TAS
Burnie7320 is located in TAS which offers an average discount of -5.48% to property investors. Burnie itself is showing figures that indicate -12.28% is the average achievable by property buyers investing in the suburb.
Burnie, 7320’s gross rental yield is 6.90%