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South Burnie, TAS 7320

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for South Burnie, TAS 7320 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “South Burnie, TAS 7320”

  1. The total adult population (15 years or older) of South Burnie 7320 TAS is 305, with a median age of 41. Of those, 36.72% are married, 17.05% are divorced or separated, 41.97% are single and 4.59% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,680. The median monthly mortgage repayment for households in this suburb is $1,007 which is 17.73% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of South Burnie 7320 is home to approximately 308 households. As we delve into the third quarter of 2023, figures indicate that the typical price for houses in this area stands at $472,029, while median weekly rents fall at $381. This translates to an indicative yield of 4.2%, showing the potential for steady returns for property investors. As for the socio-economic perspective, South Burnie scores reasonably well on the IRSAD scale with a score of 889 out of a possible 1217, indicating a generally stable socio-economic condition of the area.

    A significant metric worth noting for investors is the renter to owner ratio, which presently stands at 28% for South Burnie. This suggests that the suburb strikes a good balance between homeowners and renters, which could be a sign of stability attractive to property investors. The suburb also boasts a favourable units to houses ratio of 5%. Such low ratio indicates the prevalence of houses over units, possibly attracting more families and long-term tenants – a prospect beneficial for investors.

    Discussing the affordability index; it currently stands at 33 years for houses. While this value falls slightly on the unfavourable side, it cements South Burnie as a region with relatively high property values which has its own advantages.

    On the supply side, the stock on market Percentage for houses is at a favourable 0.32%, suggesting a somewhat limited supply in the housing market. With an inventory level standing at 3.0 months, South Burnie maintains a neutral inventory market. While the building approvals Ratio for houses is at 0.0%, indicating a low incoming supply of new houses in the market.

    In terms of demand, South Burnie enjoys an exceptional average of 16 days on market for houses which is a strong indicator of high demand. Complementing this, the vacancy rate, combining both houses and units, is at an encouragingly low 1.12% contributing to a positive rental yield expectation. Rounding up with the Buy Search Index, it stands at 5, suggesting that buying interest for houses in South Burnie is aligned with the state average.

    In conclusion, with the balance of various metrics, South Burnie presents a compelling proposition for property investors. Though, like every prudent investment decision, we encourage constant monitoring of market developments alongside considering all other relevant metrics and local factors to ensure a thorough understanding of the property market in South Burnie.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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