This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $1,096 or a weekly rent payment of $220. The average family earns a weekly income of $1,562 with a typical household size of 2.1 and a 88.98% employment rate.
In Upper Burnie there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Upper Burnie is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Upper Burnie leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Upper Burnie we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Upper Burnie a better buying opportunity than it may have been in the past.
(Country of Birth not stated 5%)
Acton - Upper Burnie a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Tasmania State average 45 / 100
Income
21 / 100
41 / 100
Industry
18 / 100
40 / 100
Population
06 / 100
40 / 100
House Prices
45 / 100
65 / 100
Jobs
08 / 100
38 / 100
Incidents Trend State Average
Montello Primary School
Montello, TAS, 7320 State K-6
Romaine Park Primary School
Romaine, TAS, 7320 State K-6
Burnie High School
Cooee, TAS, 7320 State 7-12
Hellyer College
Shorewell Park, TAS, 7320 State 11-12
Marist Regional College
Burnie, TAS, 7320 Independent 7-12
Burnie Primary School
Park Grove, TAS, 7320 State K-6
Cooee Primary School
Cooee, TAS, 7320 State K-6
Havenview Primary School
Havenview, TAS, 7320 State K-6
Parklands High School
Romaine, TAS, 7320 State 7-12
Stella Maris Catholic School
Burnie, TAS, 7320 Independent Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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