Suburb Profile Report for Burnie TAS (7320)

Burnie House: Median price $310,000, Annual capital growth 4.26%, Number of sales 16, Weekly median advertised rent $265

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Property value increases in Burnie have tracked just higher than the TAS average of 6.96% over the last 12 months.

Over the longer term, Burnie has seen property prices show investors a 30.25% return over the last 3 years. This is worse than over the last 12 months

Often selling an investment property can take time, and in Burnie the average time real estate has been on the market is 116.3 days.

A $265 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 4.26%.

Metrics	HOUSE	UNIT
Median price	$310,000	N/A
Quarterly growth	1.64%	N/A
12-month growth	8.77%	N/A
Average Annual Growth	4.26%	N/A
Weekly median advertised rent	$265	N/A
Number of sales	16	N/A
Gross rental yield	4.45%	N/A
Days on market	116.3	N/A

Your estimated repayment
$1,199.39/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Above average (H), Good (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