Suburb Profile Report for Upper Burnie TAS (7320)

Upper Burnie House: Median price $251,500, Annual capital growth 2.05%, Number of sales 40, Weekly median advertised rent $325

Upper Burnie Unit: Median price $186,250, Annual capital growth 3.28%, Number of sales 14, Weekly median advertised rent $238

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Upper Burnie, 7320 should be ok 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 4.68%

Taking the average capital gain, or increase in median house value, Upper Burnie,7320 has racked up an average of 4.68% over the period. This ranks it number 874th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Upper Burnie, 7320. Typically our figures indicate that -4.09% is being offered, which puts this TAS suburb at 1538th most discounted overall in Australia.

Residents and property investors in Upper Burnie have been waiting around 51.9583 days to sell a property.

Upper Burnie, 7320’s gross rental yield is 6.72%

Investment property in Upper Burnie has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.34%

Metrics i HOUSE UNIT
$251,500 $186,250
3.71% -0.40%
4.68% 4.34%
2.05% 3.28%
$325 $238
40 14
6.72% 6.63%
51.9583333333333 N/A

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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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
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 274 35.6
    Rented 269 34.9
    Being purchased 223 29.0
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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