Suburb Profile Report for Upper Burnie TAS (7320)

Upper Burnie House: Median price $274,900, Annual capital growth 3.71%, Number of sales 51, Weekly median advertised rent $315

Upper Burnie Unit: Median price $210,000, Annual capital growth 11.27%, Number of sales 13, Weekly median advertised rent $248

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

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

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Upper Burnie, 7320 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 12.20%.

While Upper Burnie,7320 ranked number 171th in TAS for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.

Property buyers and investors in Upper Burnie 7320 should be seeing an average reduction in asking price of around -3.35% . This means that Upper Burnie is holding prices well when compared to other suburbs in TAS.

Renters in Suburb are facing rents around $16380 per annum or $315 every week.

At number 481th in the list of Australian suburbs ordered by increase in median house value over the last year, Upper Burnie, 7320 is in the top 30% with a property value increase of 12.15% recorded in median house prices.

Upper Burnie,7320 was ranked 467 in Australia by increase in median property value over the quarter.

Upper Burnie is 2nd on a list of best yielding suburbs for rents in TAS with a 6.13% return

Metrics i HOUSE UNIT
$274,900 $210,000
-0.02% 5.00%
12.20% 12.15%
3.71% 11.27%
$315 $248
51 13
5.96% 6.13%
37.0588235294118 N/A

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

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
    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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