Burnie the cheapest Tasmanian locality for units: Investar

Burnie the cheapest Tasmanian locality for units: Investar
Staff reporterMay 4, 2017

Burnie is the cheapest Tasmanian locality to purchase a unit, according to Investar’s latest report.

The property investment firm says that units in Burnie can be purchased at around a $139,000 median.

This is followed by East Devonport with $149,000 and Launceston with $155,000.

Suburb

Postcode

Bedrooms

Current median price

Burnie

7320

2

$139,000

East Devonport

7310

2

$149,000

Launceston

7250

Studio and 1

$155,000

Upper Burnie

7320

2

$160,000

Newnham

7248

2

$162,500

A two bedroom unit at 5/47 North Terrace, Burnie (above) has been listed for $112,500.

Similarly a two bedroom unit at 25/47 North Terrace, Burnie (below) has been listed for $109,000.

Editor's Picks

First home buyers jump at Victoriana apartments on Melbourne's Albert Park
Sekisui House Australia approved for Dawn, the latest stage at $5 billion Melrose Park masterplan
Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown
Aurora On Depper, St Lucia: Construction Update
R.Iconic: A Lifestyle-First Masterpiece in Melbourne