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 $260,000.

The upward trend in home prices in UPPER BURNIE, 7320 averaged 8.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $325 mark, reflecting a 6.5% increase in returns based on the current median price in UPPER BURNIE.

An average of 3.25 real estate transactions take place per month in UPPER BURNIE which translates to 39 per annum.

39 properties were sold in UPPER BURNIE in 2016, making it the 56th most active market in TAS based on total real estate transactions.

UPPER 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 $260,000 $182,500
GROWTH REPORT
Median Quarterly 7.22% -2.01%
Median 12 month 9.47% 2.24%
Median 3 years 25.3% 20.46%
Median 5 years 26.83% N/A
10 years average annual 2.63% -0.2%
Weekly media advert. rent $325 $240
Time on Market 49.2 days 0.0 days
Gross Rental Yield Percent 6.5% 6.84%
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

Why commercial is the new residential

Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...

capital cities

Detailed forecast: How will the capital cities perform in 2021?

With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...

house prices

‘Allowing super to be used for deposit will jack up house prices’

Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...

Killarney Vale

Central Coast’s 2261 postcode swarmed by Sydney buyers

Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...

auction

Sydney’s median auction house price hits $1.68m as auctions balloon

Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...

CBD

Re-imagined, innovative CBDs to spur unprecedented growth

Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...

Website Notifications

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