All About Downlands, Burnie, TAS, 7320

Downlands, a suburb nestled within the city of Burnie in Tasmania, possesses a unique housing market characterized by affordability and community-focused living. The area offers a variety of housing options, ranging from cozy cottages to more modern family homes, catering to a diverse array of buyers and renters. In recent years, the housing market in Downlands has experienced moderate growth, reflecting a broader trend seen throughout Tasmania. This growth is partly due to the suburb's appeal to both first-time homebuyers and retirees, who are drawn by the relatively lower cost of living compared to mainland Australia. Moreover, the suburb’s increasing popularity has been spurred on by its proximity to essential amenities and Burnie’s town center, making it a practical choice for those seeking a quieter life without sacrificing convenience.

Living in Downlands provides residents with a tranquil and picturesque environment that is ideal for families, professionals, and retirees alike. The community is known for being tight-knit and friendly, offering a welcoming atmosphere for newcomers. Residents benefit from the abundance of parks, green spaces, and recreational facilities, which contribute to a healthy and active lifestyle. The scenic Tasmanian coastline and lush natural landscapes are also easily accessible, appealing to outdoor enthusiasts. Additionally, Downlands boasts quality local schools, healthcare facilities, and a selection of shops and cafes that add to the suburb's charm. Altogether, Downlands offers a harmonious blend of rural tranquility and suburban convenience, making it an attractive place for those looking to enjoy a balanced and fulfilling lifestyle.

Downlands Real Estate Market Outlook

Thinking about buying in Downlands? Now could not be a better time, with just 134 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $249,000 with prices in this suburb ranging from $64,000 to $704,000. Downlands is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Downlands due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Downlands 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. Medium density in Downlands necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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