Suburb Profile Report for Upper Burnie TAS (7320)

Upper Burnie House: Median price $265,000, Annual capital growth 3.32%, Number of sales 40, Weekly median advertised rent $325

Upper Burnie Unit: Median price $180,000, Annual capital growth 5.71%, Number of sales 11, Weekly median advertised rent $240

  • 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.

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 13.01% for the last year, Upper Burnie, 7320 is the 996th highest performer in Australia in this respect.

The five-year average increase in median property values for Upper Burnie,7320 has given property investors a potential capital gain of 25.59% across each of those five years.

Upper Burnie, 7320 is offering TAS ‘s 54th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.

A $325 per week rent on the median house gives suburb investors a gross yield of circa 6.38%, without taking into account capital value appreciation, which has been averaging out at 3.32%.

Upper Burnie has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -1.64% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Upper Burnie has increased when compared to the 5 year average annual rate.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$265,000 $180,000
5.37% -2.70%
13.01% -1.64%
3.32% 5.71%
$325 $240
40 11
6.38% 6.93%
47.25 N/A

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.

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