Suburb Profile Report for Upper Burnie TAS (7320)

Upper Burnie House: Median price $320,000, Annual capital growth 4.26%, Number of sales 43, Weekly median advertised rent $575

Upper Burnie Unit: Median price $220,000, Annual capital growth 0.00%, Number of sales 21, Weekly median advertised rent $0

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Giving property investors a an average capital gain of 16.69% for the last year, Upper Burnie, 7320 is the 2045th highest performer in Australia in this respect.

Upper Burnie,7320 has offered an average of 16.69% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Upper Burnie is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 113th in TAS when ranking the most discounted suburbs.

The TAS suburb of Upper Burnie, 7320 is in the Burnie (C) local government area.

Over the last year, property investments in Upper Burnie, 7320 have given investors a capital gain of 0.00%. This compares very badly with the 18.47% for TAS as a whole.

While Upper Burnie,7320 ranked number 32th in TAS for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.

Upper Burnie7320 is located in TAS which offers an average discount of -2.31% to property investors. Upper Burnie itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.

The TAS suburb of Upper Burnie, 7320 is in the Burnie (C) local government area.

Metrics	HOUSE	UNIT
Median price	$320,000	$220,000
Quarterly growth	7.87%	7.87%
12-month growth	16.69%	0.00%
Average Annual Growth	4.26%	0.00%
Weekly median advertised rent	$575	$0
Number of sales	43	21
Gross rental yield	3.93%	0.00%
Days on market	45.6315789473684	0

DSR Score for property investment : Above average (U), Very good (H)

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Demographics

Total population	1759
Median household income ($/weekly)	689
Median age of persons	42
Median housing loan repayment ($/monthly)	1094
Average household size	2.1

Census	Count	Percent(%)
25-34 years	210	11.9
35-44 years	187	10.6
45-54 years	230	13.1
55-64 years	253	14.4
65-74 years	175	9.9
Others	706	40.1

Age Group

Census	Count	Percent(%)
Not Married	631	46.8
Registered Married	566	42.0
Defacto Relationship	151	11.2

Social Marital Status

Census	Count	Percent(%)
Australia	1530	92.2
Indonesia	6	0.4
Papua New Guinea	16	1.0
United Kingdom	53	3.2
Other	15	0.9
Others	40	2.4

Country of Birth

Census	Count	Percent(%)
Buddhism	12	0.8
Christianity	1036	67.7
Hinduism	6	0.4
Other Religious Groups	6	0.4
No Religion	467	30.5
Others	3	0.2

Religious Affiliation

Census	Count	Percent(%)
$300-$399	134	18.2
$400-$599	123	16.7
$600-$799	89	12.1
$800-$999	72	9.8
$1,500-$1,999	70	9.5
Others	247	33.6

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	611	43.5
Employed, worked full-time	420	29.9
Employed, worked part-time	236	16.8
Unemployed, looking for work	80	5.7
Employed, away from work	56	4.0

Person Characteristics

Census	Count	Percent(%)
Professionals	101	14.2
Technicians & trades workers	145	20.4
Community & personal service workers	88	12.4
Clerical & administrative workers	91	12.8
Labourers	87	12.2
Others	199	28.0

Occupation

Census	Count	Percent(%)
Pre-school	14	4.5
Infants/Primary	114	36.7
Secondary	71	22.8
Technical or Further Educational Institution	57	18.3
University or other Tertiary Institutions	42	13.5
Others	13	4.2

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1392	84.1
Flat, unit or apartment	170	10.3
Semi-detached, row or terrace house, townhouse	84	5.1
House or flat attached to a shop, office	10	0.6
Caravan, cabin, houseboat	0	0.0
Others	0	0.0