Upper Burnie, TAS 7320

Upper Burnie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +15.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

The median property price in Upper Burnie, TAS 7320 is $515K for houses and $350K for units.

The gross rental yield in Upper Burnie is 4.6% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

House prices in Upper Burnie are up 15.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

The current vacancy rate in Upper Burnie is 1.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

Upper Burnie has a population of approximately 1,891 residents, with a median age of 42.

There are 14 schools within roughly 5km of Upper Burnie. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

A median house in Upper Burnie costs about 10.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

The population of Upper Burnie has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.