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Upper 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 Upper 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Upper Burnie, TAS 7320”

  1. The total adult population (15 years or older) of Upper Burnie 7320 TAS is 1,564, with a median age of 42. Of those, 36.83% are married, 18.03% are divorced or separated, 36.45% are single and 9.08% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,568. The median monthly mortgage repayment for households in this suburb is $1,057 which is 18.98% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Tasmania, the suburb of UPPER BURNIE, 7320, is home to approximately 1096 households. As we enter Q3 of 2023, the local housing market presents potential investment opportunities with its average house price being $430,529. These houses are seeing a median weekly rent of $371, equating to an attractive indicative yield of 4.48%, thus making UPPER BURNIE a hotspot for cashflow-centered property investors.

    The socio-economic dynamics of UPPER BURNIE are represented in an IRSAD score of 853 out of a possible 1217. This indicates a relatively decent socio-economic status within the community. Giving a further insight into the rental market, the renter to owner ratio stands at 39%. Whilst this is higher than the ideal 30% ratio, potential investors should consider this as part of the overall market dynamics and not as a definitive barrier to investment.

    Interestingly, the units to houses ratio in UPPER BURNIE is currently 20%, showcasing a balanced property market that leans more towards houses than units. This can often be seen as beneficial, as markets saturated with units can suffer from high competition and potential price drops.

    Assessing affordability, the index stands at an estimated 30 years. Though this lies at the upper end of the ‘affordable’ bracket, it still signifies a market where homeownership is achievable for many residents under standard mortgage conditions.

    In terms of supply metrics, the stock on market Percentage for houses is observed at 0.74%, indicating a balanced supply in the market, somewhat leaning towards being favourable. With an average inventory of 2.88 months, properties do not sit excessively on the market before sale. Additionally, the building approvals Ratio for houses is 0.12%, suggesting moderate growth in the housing supply in the forthcoming period.

    With a days on market average of 36 days, demand remains reasonably strong while the combined vacancy rate of 2.08% signifies high rental demand in the context of houses and units combined. However, with a buy search index of 3 for houses, demand could increase further, indicating a potential under-excited market.

    All this information collectively evaluates UPPER BURNIE and provides an engaging study for potential investors. The RCS combines this with over 80 metrics helping investors make more informed decisions. Remember, while some metrics might be unfavourable, a wider understanding of the market can present a different perspective. As always, market trends should be regularly monitored to establish the best investment opportunities. In this case, UPPER BURNIE, 7320, displays promising conditions, becoming an investment prospect worth considering for property buyers and investors.

    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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