Located in Tasmania within the Burnie local government area, Burnie is a small locality (postcode 7320). It is home to about 693 residents, with an established demographic and a median age of 42. Households earn a median income of $55K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Burnie stand at $412,000, having increased by 4.3% over the last twelve months. Units have a median price of $285,000 (-47.2% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,083.
Burnie is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 5 bus stops.
From an investment perspective, Burnie shows a gross rental yield of approximately 4.4%, rated as moderate yield. Property prices sit below the state median ($412K/$750K), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +4.3% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.