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AREA REPORTS

Burnie

Suburb Profile

Burnie - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7320

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 44.26% capital gain.

Property investors in BURNIE enjoyed capital gains of 5.94% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $339,000.

Profits due to an upward trend in home prices there averaged 14.75% per annum over a 3-year period.

Home owners selling their properties and realtors in BURNIE usually have to wait an average of 87.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $295 mark, reflecting a 4.53% increase in returns based on the current median price in BURNIE.

BURNIE, 7320 places 37th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $339,000 $170,000
GROWTH REPORT
Median Quarterly 3.04% 3.03%
Median 12 month 5.94% N/A
Median 3 years 44.26% -17.87%
Median 5 years 30.38% N/A
10 years average annual 6.82% 10.55%
Weekly media advert. rent $295 $207.5
Time on Market 87.4 days 0.0 days
Gross Rental Yield Percent 4.53% 6.35%
demographics (median values)
Total Population
560
Weekly Household Income
603.9
Household Size
1.90
demographics
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