AREA REPORTS

Upper Burnie

TAS/
Upper burnie

Suburb Profile

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

house

UPPER BURNIE, 7320 ranks 653rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.85% for property investors.

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 $222,000.

The upward trend in home prices in UPPER BURNIE, 7320 averaged 2.76% per annum over a 3-year period.

Average weekly rents on listings have reached the $260 mark, reflecting a 6.09% increase in returns based on the current median price in UPPER BURNIE.

An average of 4.08 real estate transactions take place per month in UPPER BURNIE which translates to 49 per annum.

49 properties were sold in UPPER BURNIE in 2016, making it the 45th most active market in TAS based on total real estate transactions.

UPPER BURNIE, 7320 places 83rd 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 $222,000 N/A
GROWTH REPORT
Median Quarterly 2.3% N/A
Median 12 month 13.85% N/A
Median 3 years 8.29% N/A
Median 5 years 8.69% N/A
10 years average annual 2.42% N/A
Weekly media advert. rent $260 N/A
Time on Market 85.3 days N/A
Gross Rental Yield Percent 6.09% N/A
demographics (median values)
Total Population
1981
Weekly Household Income
579.5
Household Size
2.10
demographics
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