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Upper Burnie
AREA REPORTS

Upper Burnie

Upper Burnie - 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 $342,500.

The upward trend in home prices in UPPER BURNIE, 7320 averaged 15.98% per annum over a 3-year period.

Average weekly rents on listings have reached the $345 mark, reflecting a 5.24% increase in returns based on the current median price in UPPER BURNIE.

An average of 3.67 real estate transactions take place per month in UPPER BURNIE which translates to 44 per annum.

44 properties were sold in UPPER BURNIE in 2016, making it the 59th most active market in TAS based on total real estate transactions.

UPPER BURNIE, 7320 places 72nd in Australia based on median property value growth during the quarter.

Data report can be found below

Upper Burnie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $342,500 $225,000
GROWTH REPORT
Median Quarterly 7.03% 2.27%
Median 12 month 26.85% 20%
Median 3 years 47.95% 31.58%
Median 5 years 90.28% N/A
10 years average annual 6.49% 10.31%
Weekly media advert. rent $345 N/A
Time on Market 29.4 days 65.4 days
Gross Rental Yield Percent 5.24% N/A
demographics (median values)*
Total Population
16238
Weekly Household Income
964
Household Size
2.30
Age
40
Monthly Loan Repayment
1083
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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