All About Burnie, TAS, 7320

The housing market in Burnie, Tasmania, has seen a steady evolution, characterized by increasing interest from both local and interstate buyers. Known for its affordable property prices compared to major cities, Burnie's market offers a range of options from charming, older homes to modern developments. The combination of affordability and attractive coastal living has made Burnie an appealing prospect for first-time buyers and retirees alike. Property values have experienced modest growth, reflecting the town's balance between demand and sustainable development. This stable market environment fosters a sense of security for investors and homeowners, making Burnie a viable option for those looking to enter the Tasmanian housing market without the competitive pressure of larger urban centers.

Living in Burnie offers a unique blend of coastal charm and small-town community spirit. With its scenic beaches, rolling hills, and access to the Tarkine wilderness, residents enjoy a lifestyle amidst natural beauty, with plenty of outdoor activities such as hiking, fishing, and beachcombing. The town is home to essential amenities, including hospitals, schools, and shopping centers, which support a comfortable and convenient lifestyle. Additionally, Burnie boasts a vibrant arts and cultural scene, with events and festivals that bring the community together throughout the year. Residents appreciate the slower pace of life, the friendly community, and the ease of accessing Tasmania's broader attractions, making life in Burnie both fulfilling and serene.

Burnie Real Estate Market Outlook

Thinking about buying in Burnie? Now could not be a better time, with 1295 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $305,000 with prices in this suburb ranging from $22,000 to $1,463,000. Burnie is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In 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 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. The slightly lower than average earnings from occupations in Burnie changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Burnie to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in 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 Burnie a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!