All About Upper Burnie, Burnie, TAS, 7320

Upper Burnie, nestled within the city of Burnie in Tasmania, offers a unique snapshot of the local housing market characterized by a blend of affordability, accessibility, and community-oriented living. The housing market in Upper Burnie is notable for its mix of older, charming homes and newer developments, appealing to both first-time buyers and seasoned investors. As of recent years, the area has seen a gradual increase in property prices, reflecting a broader trend across Tasmania, yet it remains more affordable compared to larger urban centers. This rise is driven by the suburb’s appeal as a peaceful residential area with proximity to essential amenities and the scenic landscapes of Tasmania. The neighborhood provides a comfortable lifestyle while offering relatively budget-friendly options, making it particularly attractive to families and retirees seeking a quieter life without straying too far from the conveniences of city living.

Living in Upper Burnie offers a balanced lifestyle with a strong sense of community, where locals enjoy the tranquillity and natural beauty of the region. The area is highly regarded for its friendly and welcoming atmosphere, making it an ideal place for families and individuals looking to establish roots. Its strategic location affords residents access to various recreational facilities, schools, and shopping centers, ensuring that daily necessities are within easy reach. The suburb enjoys a mild, temperate climate, conducive to outdoor activities and fostering an active community spirit. Additionally, Upper Burnie is home to several parks and green spaces, which provide opportunities for leisure and relaxation. The combination of a close-knit community, accessible amenities, and the charm of a Tasmanian lifestyle makes Upper Burnie a desirable place to live for those seeking both comfort and connection with nature.

Upper Burnie Real Estate Market Outlook

Thinking about buying in Upper Burnie? Now could not be a better time, with 1212 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $178,000 with prices in this suburb ranging from $15,000 to $881,000. Upper Burnie is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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