Suburb Profile Report for Burnie TAS (7320)

Burnie House: Median price $334,500, Annual capital growth 6.49%, Number of sales 18, Weekly median advertised rent $310

Burnie Unit: Median price $1,049,000, Annual capital growth 88.94%, Number of sales 18, Weekly median advertised rent $228

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Property investors who have had real estate in Burnie, 7320 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.67%

The five-year average increase in median property values for Burnie,7320 has given property investors a potential capital gain of 31.18% across each of those five years.

With the median price for a house in Burnie being $1049000 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 1.13%

Metrics	HOUSE	UNIT
Median price	$334,500	$1,049,000
Quarterly growth	-1.76%	N/A
12-month growth	9.67%	N/A
Average Annual Growth	6.49%	88.94%
Weekly median advertised rent	$310	$228
Number of sales	18	18
Gross rental yield	4.82%	1.13%
Days on market	65.3076923076923	N/A

DSR Score for property investment : Good (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