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.

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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	HOUSE	UNIT
Median price	$274,900	$210,000
Quarterly growth	-0.02%	5.00%
12-month growth	12.20%	12.15%
Average Annual Growth	3.71%	11.27%
Weekly median advertised rent	$315	$248
Number of sales	51	13
Gross rental yield	5.96%	6.13%
Days on market	37.0588235294118	N/A

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