Burnie the cheapest place to purchase a unit in Tasmania: Investar
Burnie is the cheapest place to purchase a unit in Tasmania, according to Investar’s latest report.
The property investment firm says that the average median price of a two bedroom unit at Burnie is $139,000.
This is followed by East Devonport with $149,000 and Launceston with $155,000 for a studio or one bedroom.
Suburb | Postcode | Bedrooms | Median price |
Burnie | 7320 | 2 | $139,000 |
East Devonport | 7310 | 2 | $149,000 |
Launceston | 7250 | Studio and 1 | $155,000 |
Newnham | 7248 | 2 | $160,000 |
Upper Burnie | 7320 | 2 | $170,000 |
A two bedroom unit at 25/47 North Terrace, Burnie (above) has been listed for sale for $109,000. It last sold for $87,500 in 2004.
Similarly a two bedroom unit at 38/47 North Terrace, Burnie (below) has been listed for $135,000 after last trading for the same price in 2010.
A two bedroom unit at 13/47 North Terrace, Burnie (below) has been sold for $100,000, going back from its 2008 sale of $120,000.
Similarly a two bedroom unit at 4/3 Vernon Place, Burnie (below) has been sold for $150,000, only increasing $2,500 in five years.
