Sheffield vs Upper Burnie
Property investment comparison - Sheffield, TAS 7306 vs Upper Burnie, TAS 7320
Head-to-head across core investment metrics: Sheffield wins 1, Upper Burnie wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Sheffield | Upper Burnie |
|---|---|---|
| Median house price | $520K | $515K |
| Median unit price | - | $350K |
| Gross rental yield (houses) | 4.55% | 4.60% |
| Gross rental yield (units) | 4.22% | 4.80% |
| 1-year house growth | +0.0% | +15.2%estimate |
| 3-year house growth | +16.2% | - |
| Vacancy rate | 1.0% | 1.2% |
| Population | 1,602 | 1,891 |
Sheffield vs Upper Burnie: what the numbers say
The median house price is $520K in Sheffield and $515K in Upper Burnie, so Upper Burnie is the cheaper entry point, with Sheffield houses about 1% dearer.
Gross rental yield on houses is effectively level, at 4.55% in Sheffield and 4.60% in Upper Burnie, so neither suburb has a cash flow edge on houses.
Over the past year house prices moved +0.0% in Sheffield and +15.2% in Upper Burnie (an estimate), so recent momentum favours Upper Burnie, although both suburbs recorded growth.
Rental vacancy is 1.0% in Sheffield and 1.2% in Upper Burnie, so landlords in Sheffield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Upper Burnie is the bigger suburb, with a population of 1,891 against 1,602, larger than Sheffield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Upper Burnie for a lower purchase price, Upper Burnie for recent price momentum, Sheffield for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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