Powered by MOMENTUM MEDIA
AREA REPORTS

Upper Burnie

Suburb Profile

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

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

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 $235,000.

The upward trend in home prices in UPPER BURNIE, 7320 averaged 9.59% per annum over a 3-year period.

Average weekly rents on listings have reached the $275 mark, reflecting a 6.09% increase in returns based on the current median price in UPPER BURNIE.

An average of 5.08 real estate transactions take place per month in UPPER BURNIE which translates to 61 per annum.

61 properties were sold in UPPER BURNIE in 2016, making it the 30th most active market in TAS based on total real estate transactions.

UPPER BURNIE, 7320 places 134th 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 $235,000 $185,000
GROWTH REPORT
Median Quarterly -1.05% 3.64%
Median 12 month -0.21% 18.21%
Median 3 years 28.77% N/A
Median 5 years 17.5% N/A
10 years average annual 1.46% 8.01%
Weekly media advert. rent $275 $235
Time on Market 50.2 days 138.5 days
Gross Rental Yield Percent 6.09% 6.61%
demographics (median values)
Total Population
1981
Weekly Household Income
579.5
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Property market  Melbourne

Property market update: Melbourne, April 2020

Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...

property prices

Data v doomsayers: Who is right when it comes to property prices?

While property experts and big banks have widely predicted that the property market will fall, so far it has remained stable, an industry ex...

Brisbane

Queensland passes laws to ease financial hardship amid pandemic

New laws to help ease the financial burden on Queensland strata communities caused by the COVID-19 pandemic have been passed by State Parlia...

How to navigate rent negotiations

How to navigate rent negotiations

NSW Fair Trading has clarified what landlords in the state can do should they find themselves in a position of negotiating a rental agreemen...

How is the residential real estate market tracking?

New research has shed light on the current state of the residential real estate market, noting the worst is likely behind us as restrictions...

housing market

‘No signs of distress yet visible in housing market’

While the current crisis could exacerbate high mortgage debt, there are currently no signs of distress visible in the housing market, accord...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.